Litecoin is once again pressing higher on Wednesday, following the bullish descending wedge pattern breakout earlier this week. Buyers are now testing towards the October 15th swing-high, at $55.80, with a breach of this resistance level likely to spark strong technical buying. Rejection from the $55.80 level will likely prompt sellers to test back towards the $51.50 support level.
The LTCUSD pair is bullish while trading below the $51.50 level, key technical resistance is found at the $55.80 and $58.90 levels.
If the LTCUSD pair trades below the $51.50 level, sellers will likely test the $50.00 and $47.10 levels.
The LTCUSD pair is bullish while trading below the $51.50 level, key technical resistance is found at the $55.80 and $58.90 levels.
If the LTCUSD pair trades below the $51.50 level, sellers will likely test the $50.00 and $47.10 levels.
