LTCUSD $21.30 NOW KEY SUPPORT
Litecoin continues its recent long-term downtrend on Friday, with the ninth largest cryptocurrency by market capitalization falling to a new yearly trading low, of $21.30. Short-term bulls have been unable to establish a clear trading bottom, with price still creating bearish lower lows. A test of the $20.00 support level seems inevitable as the broader cryptocurrency market remains under heavy selling pressure.
The LTCUSD pair is strongly bearish while trading below the $25.00 level, key support is found at the $20.00 and the $17.80 levels.
If the LTCUSD pair moves above the $25.00, buyers will be encouraged to test the $27.50 and $30.00 resistance levels.
The LTCUSD pair is strongly bearish while trading below the $25.00 level, key support is found at the $20.00 and the $17.80 levels.
If the LTCUSD pair moves above the $25.00, buyers will be encouraged to test the $27.50 and $30.00 resistance 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.