LTCUSD still dropping
Litecoin continues to fall to fresh multi-month trading low, as the cryptocurrency fails to attract buying interest from the $45.00 level. LTCUSD sellers could be targeting the $36.00 support level as a potential medium-term downside target. Overall, the cryptocurrency shows few signs of recovering at present and is vulnerable to further weakness below the $40.00 level.
If the LTCUSD pair trades above the $45.00 level, key resistance is found at the $50.00 and $57.00 levels.
If the LTCUSD pair trades below the $45.00 level, key support is found at the $40.00 and $36.00 levels.