LTCUSD Potential top
Litecoin has reversed sharply from the $227.00 level, following yesterday’s heavy down day in Bitcoin and other top cryptocurrencies. The Parabolic SAR indicator will generate a sell signal on the four-hour time frame if the price remains capped below the $200.00. A potential top could be in place, and the short-term trend for the LTCUSD pair will turn bearish if the price falls under the $180.00 level.
The LTCUSD pair is only bullish while trading above the $200.00 level, key resistance is found at the $207.00 and the $225.00 levels.
If the LTCUSD pair trades below the $200.00, sellers may test the $180.00 and $170.00 support levels.