LTCUSD $58.50 Pivot

Litecoin is attempting to gain upside momentum after the sixth-largest cryptocurrency found buying interest from just above the $55.00 level. LTCUSD bulls need to hold price above the $58.50 level to encourage more technical buying towards the $65.00 level. Gains above the $65.00 level could see the LTCUSD pair testing towards trendline resistance, around the $72.50 level.

The LTCUSD pair is only bullish while trading above the $58.50 level, key resistance is found at the $65.00 and the $72.50 levels.

If the LTCUSD pair trades below the $58.50, sellers may test the $55.00 and $50.00 support levels.

Octa
Octahttp://octaengine.com/c/?p=203&bt=gif&b=2369
Octa (formerly OctaFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 180 countries with more than 40 million trading accounts.

Featured Analysis

Learn Forex Trading