Litecoin price analysis – LTCUSD stages strong recovery above $93

19 July 2019, OctaFX – Litecoin price has staged a strong recovery alongside Bitcoin, with the fourth-largest cryptocurrency posting double-digit gains on Friday.

Litecoin price technical analysis

The LTCUSD pair has recovered back to key neckline resistance, although bulls are still struggling with the $100.00 resistance level. Technical rejection from the $100.00 level should spark a sell-off back towards the $90.00 level, while a bullish breakout should target the $107.00 level.

  • The LTCUSD pair is only bullish while trading above the $93.00 level, key resistance is found at the $100.00 and $107.00 levels.

  • If the LTCUSD pair trades below the $93.00 level, key support is found at the $90.00 and $75.00 levels.

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