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Cryptocurrency

Litecoin price remains under downside pressure

OctaFx | Aug. 13, 2019
Litecoin price remains under downside pressure

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, OctaFXThe 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.

Litecoin price, price of Litecoin

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.