31 May 2019, OctaFX – Litecoin price has started to trade lower after hitting $120.00, with the sixth largest cryptocurrency so far finding support from the $100.00 level.
Litecoin price technical analysis
The LTCUSD pair now needs to break above the $110.00 level to encourage new buying towards the $114.00 and $120.00 levels. The Ichimoku indicator on the four-hour time frame is showing that the $110.00 level is major support before the $90.00 region.
LTCUSD price is only bullish while trading above the $110.00 level, key resistance is found at the $114.00 and $120.00 levels.
If LTCUSD price trades below the $110.00 level, key support is found at the $100.00 and $90.00 levels.
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