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Litecoin price analysis - LTCUSD recovery capped by $125.00

Litecoin price analysis - LTCUSD recovery capped by $125.00

4 July 2019, OctaFX – Litecoin price continues to struggle to find a directional bias in early Thursday trade, with the LTUSD pair trapped between the $125.00 to $110.00 levels.

Litecoin price technical analysis

The four-hour time frame shows that a bearish head and shoulders pattern with a $20.00 downside projection still remains valid. A move above the $125.00 level may prompt buying interest back towards the important $40.00 level.

  • The LTCUSD pair is only bullish while trading above the $125.00 level, key resistance is found at the $140.00 and $160.00 levels.

  • If the LTCUSD pair trades below the $125.00 level, key support is found at the $110.00 and $95.00 levels.

Litecoin 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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