LTCUSD correction overdue
Litecoin is starting to struggle in early Wednesday trade as the cryptocurrency appear overdue for a much-needed technical correction. A sustained move below the $125.00 level should provoke technical selling in the LTCUSD pair toward at least the 110.00 support level. If bulls can break the $140.00 the LTCUSD pair offer relatively limited technical resistance until the $160.00 level.
The LTCUSD 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.