Litecoin price went up from $90.50 to $91 in the early hours of Wednesday, showing slight bullish momentum.
31 July 2019, OctaFX – Litecoin (LTC) price remains technically weak headed into the monthly price close, as the popular crypto struggles to regain bullish momentum.
Litecoin price technical analysis
A large monthly reversal candle and a monthly price close below the psychological $100.00 level should be considered bearish for the LTCUSD pair. Overall, continued selling down towards the $70.00 level remains the favoured scenario.
The LTCUSD pair is only bullish while trading above the $100.00 level, key resistance is found at the $105.00 and $120.00 levels.
If the LTCUSD pair trades below the $100.00 level, key support is found at the $88.00 and $70.00 levels.
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