LTCUSD $36.50 Pivot

Litecoin is attempting to move higher in early week trade after finding strong technical support from just above the $20.00 level. The $36.50 resistance level is likely to act as a major pivot point for traders during the course of this week. LTCUSD bulls may target the $50.00 resistance level if they can gain traction above the $36.50 level, while sellers may target the $22.00 level.

The LTCUSD pair is only bullish while trading above the $36.50 level, key resistance is found at the $50.00 and the $55.00 levels.

If the LTCUSD pair trades below the $36.50, sellers may test the $28.00 and $22.00 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