Litecoin price analysis – Will LTCUSD further decline below $90?

24 July 2019, OctaFX – Litecoin price is once again trading below the $90.00 level after the cryptocurrency suffered a strong technical rejection from the $104.50 region.

Litecoin price technical analysis

The $75.00 level may start to come back in focus if bulls struggle to contain the LTCUSD pair above the pivotal $90.00 level. The head and shoulders pattern on the four-hour time frame is also still predicting a deeper drop towards the $60.00 level.

  • The LTCUSD pair is only bullish while trading above the $90.00 level, key resistance is found at the $105.00 and $120.00 levels.

  • If the LTCUSD pair trades below the $90.00 level, key support is found at the $75.00 and $60.00 levels.

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