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Litecoin price analysis - LTCUSD struggles above $125.00

OctaFx | Jun. 26, 2019
Litecoin price analysis - LTCUSD struggles above $125.00

26 June 2019, OctaFX – Litecoin price is starting to struggle in early Wednesday trade as the cryptocurrency appear overdue for a much-needed technical correction.

Litecoin price technical analysis

A sustained move below the $125.00 level should provoke technical selling in the LTCUSD pair toward at least the 110.00 support level. If bulls can break the $140.00 the LTCUSD pair offer relatively limited technical resistance until the $160.00 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 $100.00 levels.

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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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