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Litecoin price under slight selling pressure | AtoZ Markets

OctaFx | Feb. 26, 2019
Litecoin price under slight selling pressure | AtoZ Markets

Litecoin price has started to make a technical correction lower after the cryptocurrency reached the overall bullish objective of the inverted head and shoulders pattern.

February 26, OctaFX – The broader cryptocurrency market is also under slight selling pressure on Tuesday, following Monday’s heavy sell-off. Overall, bulls must defend the $39.50 level to retain the pairs short-term bullish trading bias.

Litecoin price technical analysis

  • The LTCUSD pair is bullish while trading above the $39.50 level, key technical resistance is now found at the $46.00 and $51.00 levels.

  • If the LTCUSD pair trades below the $39.50 level, key support is found at the $36.00 and $33.00 levels.

Disclaimer

This article, Litecoin price technical analysis 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.

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