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Litecoin price analysis - LTCUSD could hit $160

OctaFx | Jun. 11, 2019
Litecoin price analysis - LTCUSD could hit $160

10 June 2019, OctaFX – Litecoin price has advanced to fresh 2019 trading high following a bullish technical breakout above the $120.00 resistance level on Tuesday.

Litecoin price technical analysis

LTCUSD price is now marching forward, with the $134.00 and $160.00 levels the two major bullish targets ahead. The daily time frame is clearly showing that a huge inverted head and shoulders pattern could now be in the forming.

  • LTCUSD price is only bullish while trading above the $110.00 level, key resistance is found at the $134.00 and $160.00 levels.

  • If LTCUSD price trades below the $110.00 level, key support is found at the $100.00 and $90.00 levels.

 Litecoin price analysis, LTCUSD price

Disclaimer

This article was provided by OctaFX. It should NOT substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

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