Litecoin price analysis – LTCUSD heavily rejected from $80

Litecoin price loses 2.28% over the last 24 hours, and it is yet to get over from $80 resistance level. 

21 August 2019, OctaFX – The price of Litecoin is testing lower in early Wednesday trade after the fifth-largest cryptocurrency was heavily rejected from the $80.00 resistance level.

Litecoin price technical analysis

A sustained break of the $70.00 support level is likely to see the LTCUSD pair to fall towards the $60.00 level. Overall, despite being oversold the LTCUSD pair has yet to attract buying interest, which points to a possible deeper decline.

  • The LTCUSD pair is only bullish while trading above the $100.00 level, key resistance is found at the $110.00 and $120.00 levels.

  • If the LTCUSD pair trades below the $70.00 level, key support is found at the $65.00 and $60.00 levels.

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