LTCUSD pressure building
Litecoin has come under severe downside pressure towards the $50.00 level, following a heavy decline in the broader cryptocurrency market. Sellers could now target the $36.00 support level, as it has been a long-term bearish target that has yet to be reached. Overall, the LTCUSD pair will need to rally above the $60.00 resistance level to reduce intraday bearish pressure.
If the LTCUSD pair trades below the $50.00 level, key support is found at the $44.00 and $36.00 levels.
If the LTCUSD pair trades above the $50.00 level, key resistance is found at the $60.00 and $66.00 levels.