LTCUSD target hit
Litecoin has finally achieved its long-term downside target, hitting $36.00 as the broader cryptocurrency market came under heavy bearish pressure. Now a potential price floor is in the LTCUSD pair could now start to reverse higher towards the $50.00 resistance level. Only a decline back under the important $36.00 level should concern LTCUSD buyers at this stage.
If the LTCUSD pair trades above the $40.00 level, key resistance is found at the $45.00 and $50.00 levels.
If the LTCUSD pair trades below the $40.00 level, key support is found at the $36.00 and $33.00 levels.