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Cryptocurrency

Litecoin price attempts bullish recovery

OctaFx | Mar. 12, 2019
Litecoin price attempts bullish recovery

March 12, OctaFX – Litecoin is attempting to recover bullish momentum, after coming under slight downside pressure in early week trading.

Litecoin price analysis

The fourth-largest cryptocurrency by market capitalization needs to break above the $54.00 level in order to encourage further technical buying. If the LTCUSD pair trades under the $50.00, sellers will likely test towards the cryptocurrencies former weekly trading low.

  • The LTCUSD pair is bullish while trading above the $50.00 level, key technical resistance is found at the $54.00 and $65.00 levels.

  • If the LTCUSD pair trades below the $50.00 level, key support is found at the $45.00 and $41.50 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.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.