LTC/USD Technical Analysis: This resistance level is hitting the price hard intraday
|- The general sentiment in the crypto market is bullish today.
- LTC/USD trades 0.45% lower while Bitcoin moves nearly 1% in the black.
LTC/USD Hourly Chart
Looking at the hourly chart below its clear to see that the 47.22 level is giving LTC/USD some trouble.
Bitcoin, on the other hand, has broken higher and maybe this can have a lagging effect on Litecoin.
Longterm. this level was pretty significant back on 23rd October as it was where price found support after a heavy drop.
If it does give way the 48.80 level could be the next target on the way up.
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Additional Levels
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