Litecoin price attempts recovery above $80.00


April 19, OctaFX – Litecoin price is attempting to recover above the $80.00 level on Friday as the entire cryptocurrency market remains well supported.

LTCUSD price technical analysis

The four-hour time frame is showing a descending triangle pattern that will decide the next directional move for the LTCUSD pair. A bullish breakout will take the LTCUSD towards the $120.00 level, while a bearish breakout may take the LTCUSD pair towards the $65.00 level.

  • The LTCUSD pair is only bullish while trading above the $80.00 level, key resistance is found at the $100.00 and $120.00 levels.

  • If the LTCUSD pair trades below the $80.00 levels, key support is found at the $65.00 and $58.00 levels.

Litecoin price attempts recovery

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.

    Share Your Opinion, Write a Comment