Litecoin remains trapped around the $60.00 level as almost the entire cryptocurrency market comes under bearish selling pressure. LTCUSD bulls need to defend the $57.00 level to avoid further downside in the pair towards the $50.00 level. Overall, the LTCUSD pair still has a chance of achieving its near-term target of $90.00, while trading above the $57.00 support level.
• If the LTCUSD pair trades below the $57.00 level, key support is found at the $50.00 and $46.50 levels. • If the LTCUSD pair trades above the $57.00 level, key resistance is found at the $68.00 and $90.00 levels.