January 8, OctaFX – The LTCUSD pair has opened the trading week strongly, with price breaking above the important $36.60 level and rallying towards the $39.00 region. Buyers now need to hold price above the $36.60 level for further advancement above the $40.00 barrier.
LTCUSD Technical Analysis
The bullish inverted head and shoulders pattern has been triggered and remains the immediate focus for short-term buyers.
- The LTCUSD pair is bullish while trading above the $36.60 level, key resistance is found at the $40.00 and $46.00 levels.
- If the LTCUSD pair falls below the $36.60, sellers may test the $30.00 and $26.00 support levels.
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