LTCUSD Stay short
Litecoin has fallen to its weakest trading level in nearly one-week, with the popular cryptocurrency falling towards the $53.50 area. The LTCUSD pair still remains vulnerable to technical selling as the daily time frame is starting to show a bearish triple-top pattern formation. Sustained weakness below the $58.00 level may encourage sellers to test below the $50.00 level.
The LTCUSD pair is only bullish while trading above the $58.00 level, key resistance is found at the $60.00 and the $62.00 levels.
If the LTCUSD pair trades below the $58.00, sellers may test the $51.00 and $46.00 support levels.