Litecoin, the sixth largest cryptocurrency by market capitalisation has started to move away from the $88 level, after posting strong double-digit gains in early week trading.
The LTC/USD pair only retains its recent bullish bias while price trades above the key $85 support level. Buyers will likely target the $92 resistance level, while sellers will look to test the LTC/USD pairs 200 periods moving average on the four-hour time frame, which is located at the $82.50 level.
The LTCUSD pair is only intraday bullish while trading above the $85.00 level, further upside towards the $88.00 and $92.00 resistance levels remains possible.
If the LTCUSD pair falls below the $85.00 level, sellers will likely test towards the $84.00 and $82.55 support levels.
The LTC/USD pair only retains its recent bullish bias while price trades above the key $85 support level. Buyers will likely target the $92 resistance level, while sellers will look to test the LTC/USD pairs 200 periods moving average on the four-hour time frame, which is located at the $82.50 level.
The LTCUSD pair is only intraday bullish while trading above the $85.00 level, further upside towards the $88.00 and $92.00 resistance levels remains possible.
If the LTCUSD pair falls below the $85.00 level, sellers will likely test towards the $84.00 and $82.55 support levels.
