Litecoin continues to slide lower in early Wednesday trade after bulls failed to hold the cryptocurrency above the pivotal $90.00 resistance level. The LTCUSD pair may start to fall back towards its 200-day moving average where bargain hunters could start to pick up at the crypto at a more attractive price. Overall, the current down move looks set to continue until we see stabilization above the $90.00 level.
The LTCUSD pair is only bullish while trading above the $90.00 level, key resistance is found at the $100.00 and $107.00 levels. If the LTCUSD pair trades below the $90.00 level, key support is found at the $73.00 and $60.00 levels.