LTCUSD $64.00 Possible

Litecoin remains technically bullish, as traders continue to hold price above the cryptocurrencies trend defining key 200-day moving average. Major trendline resistance on the daily time frame indicates that LTCUSD pair could still rally towards the $65.00 area. Overall, LTCUSD traders are expected to buy any dips towards the $50.00 area in anticipation of more medium-term upside.

The LTCUSD pair is only bullish while trading above the $52.00 level, key resistance is found at the $60.00 and the $64.00 levels.

If the LTCUSD pair trades below the $52.00, sellers may test the $50.00 and $49.00 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