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Litecoin price analysis - LTCUSD price breakout looms

Litecoin price analysis - LTCUSD price breakout looms

27 May 2019, OctaFXLitecoin has moved to a fresh 2019 trading high after buyers performed a bullish weekly price close above the psychological $100.00 resistance level.

Litecoin price technical analysis

The LTCUSD pair has ignited a bullish pattern on the four-hour time frame and may soon target towards the $125.00 level. Sellers will need to force price back under the $100.00 level to change the strong intraday bullish bias surrounding the cryptocurrency.

  • The LTCUSD pair is only bullish while trading above the $100.00 level, key resistance is found at the $125.00 and $135.00 levels.

  • If the LTCUSD pair trades below the $100.00 level, key support is found at the $94.00 and $85.00 levels.

Litecoin price analysis, LTCUSD price breakout

Disclaimer

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