Litecoin (LTC) Price Setting Up For Crucial Bullish Break?

  • Litecoin price is trading nicely above the $75.00 and $75.20 support levels against the US Dollar.
  • LTC price recovered above $80.00 and tested the $84.50 resistance area recently.
  • There is a crucial bearish trend line in place with resistance at $82.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).
  • The pair is likely to smash the $82.50 resistance area and rally above the $84.50 resistance.

Litecoin price is positioned nicely above key supports against the US Dollar and bitcoin. LTC could start a strong upward move if it clears the $82.50 and $84.50 resistance levels.

Litecoin Price Analysis

In the past few days, there were swing moves below $84.50 and $85.00 in litecoin price against the US Dollar. The LTC/USD pair declined below the $80.00 level, but the $75.00 and $75.20 support levels prevented additional losses. Sellers made many attempts to push the price below the $75.00 support, but they failed. Recently, the price rebounded above the $79.00 level and…

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2019-04-18 08:18:43

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Written by Livebitcoinnews

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