Litecoin remains technically weak headed into the monthly price close, as the popular crypto struggles to regain bullish momentum. A large monthly reversal candle and a monthly price close below the psychological $100.00 level should be considered bearish for the LTCUSD pair. Overall, continued selling down towards the $70.00 level remains the favoured scenario.
The LTCUSD pair is only bullish while trading above the $100.00 level, key resistance is found at the $105.00 and $120.00 levels. If the LTCUSD pair trades below the $100.00 level, key support is found at the $88.00 and $70.00 levels.
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.