LTCUSD finds resistance
Litecoin is struggling to attract fresh buying interest on Thursday after being strongly rejected from the $36.00 level earlier this week. LTCUSD sellers may target the $22.00 support level if price starts to settle below the psychological $30.00 level. Overall, selling rallies back towards the $36.50 level appears to be the best strategy as the bearish trend remains strong.
The LTCUSD pair is only bullish while trading above the $36.50 level, key resistance is found at the $50.00 and the $55.00 levels.
If the LTCUSD pair trades below the $36.50, sellers may test the $28.00 and $22.00 support levels.