Litecoin has started to turn bearish
alongside the broader cryptocurrency market after falling below the key $125.00 level. The four-hour time frame is also showing that the LTCUSD
pair has now broken under key trend-line support. Weakness in the LTCUSD
pair should be expected in the short and medium-term while the price continues to trade below the pivotal $125.00 level.
pair is only bullish
while trading above the $125.00 level, key resistance is found at the $140.00 and $160.00 levels.
If the LTCUSD
pair trades below the $125.00 level, key support is found at the $110.00 and $100.00 levels.