HomeContributorsTechnical AnalysisLTCUSD At A Turning Point

LTCUSD At A Turning Point

Litecoin is starting to consolidate around the $150.00 level as the LTCUSD pair appears on the cusp of its next major directional move. Technical analysis shows that the LTCUSD pair could rally towards the $180.00 area if bulls can gain traction above the $150.00 level. To the downside, multiple daily price closes below the $140.00 level could cause traders to sell the LTCUSD pair.

The LTCUSD pair is only bullish while trading above the $140.00 level, key resistance is found at the $180.00 and the $200.00 levels.

If the LTCUSD pair trades below the $140.00, sellers may test the $120.00 and $95.00 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