LTCUSD UNDER DOWNSIDE PRESSURE
Litecoin is starting to come under downside pressure after sellers forced price below the well-defined bear flag pattern. The LTCUSD pair also trades within a larger head and shoulders pattern, with the bearish pattern holding a $20.00 projected move. Intraday sellers will likely target the further losses below the $55.00 level, while buyers need to move price above the $60.50 resistance level.
The LTCUSD pair is bearish while trading below the $60.50 level, key support is found at the $55.00 and $48.00 levels seems possible.
If the LTCUSD pair moves above the $60.50 level, key resistance is found at the $64.00 and $68.50 levels.
The LTCUSD pair is bearish while trading below the $60.50 level, key support is found at the $55.00 and $48.00 levels seems possible.
If the LTCUSD pair moves above the $60.50 level, key resistance is found at the $64.00 and $68.50 levels.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.