OctaFX_Official

LTCUSD STILL BEARISH BELOW $79.00

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
Litecoin continues to trade to the downside, as the broader cryptocurrency remains pressured by bearish fundamentals developments and a lack of buying interest.

Litecoin is likely to see the next strong directional move coming soon according to the MACD indicator. Buyers will aim to break above the LTCUSD             pairs 50 period moving average on the four-hour time frame, while sellers will continues to target a break of the $70.00 support level .

The LTCUSD             pair remains bearish while trading below the $79.00 level, further losses towards the $73.00 and $70.00 support levels seems possible.

If the LTCUSD             pair moves above the $79.00 level, buyers may test towards the $81.00 and $82.35 resistance levels.
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