LTCUSD Appears weak
Litecoin is appearing increasingly weak from a technical perspective, following a key breakout under the $75.00 support level. Sustained weakness below the $75.00 level could cause the LTCUSD pair to drop towards the $60.00 or $50.00 support zones. To the upside, a recovery back above the $75.00 resistance level could see the LTCUSD testing back towards the current monthly trading high.
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 $60.00 and $50.00 support levels.