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.
Additional Levels
Author

Rajan Dhall, MSTA
FX Daily
Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.
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