OctaFX_Official

LTCUSD under pressure below $33.00 level

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
The LTCUSD pair remains under selling pressure on Wednesday, as the eight largest cryptocurrency by market capitalization struggles to rally away from the worst trading levels of the week. Litecoin buyers need to force price back inside the well-defined flag pattern to negate immediate downside pressure. The LTCUSD pair will likely come under further technical selling pressure if the current weekly low, at $29.30, is clearly broken.

The LTCUSD pair is bearish while trading below the $33.00 level, key support is found at the $29.30 and the $24.80 levels.

If the LTCUSD pair moves above the $33.00, buyers may test the $36.60 and $43.00 resistance levels.
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