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Technical analysis

Litecoin Price Turning Bearish Below $41.00

OctaFx | Feb. 15, 2019
Litecoin Price Turning Bearish Below $41.00

February 15, OctaFX – Litecoin is under increasing selling pressure on Friday, with the popular cryptocurrency now testing the $41.00 support level. The $41.00 level was formerly the LTCUSD pairs yearly trading high and now becomes formed key resistance turned key support.

Litecoin Price Tecnical Prediction

A sustained break of this level may encourage selling towards the $36.00 level, while a strong bounce may provoke another test of the $46.00 level.

  • The LTCUSD pair is bullish while trading above the $41.00 level, key technical resistance is found at the $46.00 and $50.00 levels.
  • If the LTCUSD pair trades below the $41.00 level, key support is found at the $36.00 and $33.00 levels.

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.