LTCUSD target hit
Litecoin is under heavy downside pressure alongside the broader cryptocurrency market on Tuesday, after falling below the pivotal $70.00 level. The LTCUSD pair has reached medium-term sellers main bearish target, around the $60.00 level. If the $60.00 level holds the LTCUSD pair could see a major technical bounce back towards the $70.00 level and possibly higher.
The LTCUSD pair is only bullish while trading above the $77.50 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 $65000 and $55.00 support levels.