LTCUSD high maybe in
Litecoin suffered heavy losses over the weekend after the altcoin space came under downside selling pressure alongside Bitcoin. Going forward, the LTCUSD pair could weaken towards the $71.00 level if the cryptocurrency continues to hold under the $77.50 resisatnce level. Any corrections back towards the $82.50 area may be see as a major selling opportunity by LTCUSD bears.
The LTCUSD pair is bullish while trading above the $77500 level, key resistance is found at the $82.50 and the $85.00 levels.
If the LTCUSD pair trades below the $77.50, sellers may test the $71.00 and $65.00 support levels.