28 June 2019, OctaFX – Litecoin price has started to turn bearish alongside the broader cryptocurrency market after falling below the key $125.00 level.
Litecoin price technical analysis
The four-hour time frame is also showing that the LTCUSD price has now broken under key trendline support. Weakness in LTCUSD price should be expected in the short and medium-term while the pair continues to trade below the pivotal $125.00 level.
LTCUSD price is only bullish while trading above the $125.00 level, key resistance is found at the $140.00 and $160.00 levels.
If LTCUSD price trades below the $125.00 level, key support is found at the $110.00 and $100.00 levels.
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