LTCUSD UNDER PRESSURE BELOW $50.00
Litecoin is back under downside pressure beneath the $50.00 level on Tuesday after losing over five percent of its market value on Monday. LTCUSD buyers need to reclaim the $51.98 level to regain short-term bullish momentum, while sellers need to keep price below the psychological $50.00 level to ensure further losses. It is worth noting that the MACD indicator across the one-hour time frame is now in oversold territory and a bullish inverted head and shoulders pattern has been created across various lower time frames.
The LTCUSD pair is intraday bearish while trading below the $50.00 level, key support is found at the $47.25 and $45.00 levels.
If the LTCUSD pair trades above the $51.98 level, buyers may move price back towards the $54.50 and $57.00 resistance levels.
The LTCUSD pair is intraday bearish while trading below the $50.00 level, key support is found at the $47.25 and $45.00 levels.
If the LTCUSD pair trades above the $51.98 level, buyers may move price back towards the $54.50 and $57.00 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.