LTCUSD Under pressure
Litecoin is trading around the $75.00 area after the broader cryptocurrency market suffered a heavy technical sell-off earlier today. Failure to quickly recover from the $75.00 support level could see the LTCUSD pair falling as low as $60.00. To the upside, continued gains above the $75.00 level could see the LTCUSD rallying back towards the $90.00 resistance level.
The LTCUSD pair is only bullish while trading above the $75.00 level, key resistance is found at the $80.00 and the $90.00 levels.
If the LTCUSD pair trades below the $75.00, sellers may test the $70.00 and $60.00 support levels.