fxstreet.com 16 Feb, 2021 05:45 am

LTC faces just one key resistance level before new high to $280

LTC faces just one key resistance level before new high to $280
Litecoin faced a significant sell-off in the past 24 hours, like the rest of the market. Nonetheless, bulls bought most of the dip and aim for new hig

Litecoin price seems to be facing just one significant resistance barrier on the way up.Litecoin price needs to crack $220 for a massive breakout The In/Out of the Money Around Price (IOMAP) chart shows only one significant resistance area located between $217 and $223.LTC IOMAP chart A breakout above this point can push Litecoin price up to $280, which is the 127.Losing this range can quickly push Litecoin price down to $164 at the 61.

LTC/USD daily chart However, on the daily chart, the TD Sequential indicator has presented a green ‘8’ candlestick which is usually followed by a sell signal.Litecoin faced a significant sell-off in the past 24 hours, like the rest of the market.

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