LTCUSD pressure building
Litecoin has come under severe downside pressure towards the $50.00 level, following a heavy decline in the broader cryptocurrency market. Sellers could now target the $36.00 support level, as it has been a long-term bearish target that has yet to be reached. Overall, the LTCUSD pair will need to rally above the $60.00 resistance level to reduce intraday bearish pressure.
• If the LTCUSD pair trades below the $50.00 level, key support is found at the $44.00 and $36.00 levels.
• If the LTCUSD pair trades above the $50.00 level, key resistance is found at the $60.00 and $66.00 levels.
• If the LTCUSD pair trades below the $50.00 level, key support is found at the $44.00 and $36.00 levels.
• If the LTCUSD pair trades above the $50.00 level, key resistance is found at the $60.00 and $66.00 levels.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.