LTCUSD in trouble below $90.00
Litecoin is once again trading below the $90.00 level after the cryptocurrency suffered a strong technical rejection from the $104.50 region. The $75.00 level may start to come back in focus if bulls struggle to contain the LTCUSD pair above the pivotal $90.00 level. The head and shoulders pattern on the four-hour time frame is also still predicting a deeper drop towards the $60.00 level.
The LTCUSD pair is only bullish while trading above the $90.00 level, key resistance is found at the $105.00 and $120.00 levels.
If the LTCUSD pair trades below the $90.00 level, key support is found at the $75.00 and $60.00 levels.