Litecoin price couldn’t manage to hold Sunday’s high of $91 and fell back to $86 on Monday, introducing yet another bearish trend for the short term.
13 August 2019, OctaFX – The price of Litecoin remains under downside pressure on Monday as the popular cryptocurrency fails to attract any meaningful buying interest.
Litecoin price technical analysis
Overall, a breakdown below the $82.00 level is likely to prompt a further bearish move towards at least the $70.00 level. Only a sustained move above the $130.00 resistance level can secure the fifth largest cryptocurrencies overall weekly outlook.
The LTCUSD pair is only bullish while trading above the $130.00 level, key resistance is found at the $140.00 and $165.00 levels.
If the LTCUSD pair trades below the $82.00 level, key support is found at the $70.00 and $65.00 levels.
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