Litecoin price is changing hands at $100.00 despite some range-bound trading, the coin stays under bearish pressure following a strong sell-off.
8 August 2019, OctaFX – The price of Litecoin is under pressure on Thursday as the fifth-largest cryptocurrency by market capitalization fails to attract interest above the $100.00 level.
Litecoin price technical analysis
If Litecoin slides below the $82.00, the pair could become a strong medium-term buy around the $70.00 level. The four-hour time frame is currently showing a bearish head and shoulders pattern that is continuing to unfold to the downside.
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 $82.00 and $70.00 levels.
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