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.
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