18 June 2019, OctaFX – Litecoin price has failed to follow Bitcoin higher and rally to a fresh 2019 trading high, with the popular crypto so far finding resistance from the just below the $145.00 level.
Litecoin price technical analysis
The one-hour time frame is showing that bulls need to make a new high as a bearish head and shoulders pattern is in play. Overall, the LTCUSD pair is still extremely bullish while trading above the important $125.00 level.
LTCUSD price is only bullish while trading above the $125.00 level, key resistance is found at the $145.00 and $160.00 levels.
If LTCUSD price trades below the $125.00 level, key support is found at the $120.00 and $100.00 levels.
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