LTCUSD Bulls struggle
Litecoin is at risk of a strong downturn this week as bulls repeatedly struggle to break past the technically important $90.00 resistance barrier. Lower time frame analysis shows that the LTCUSD pair remains trapped inside a triangle pattern, between the $70.00 and $90.00 level. LTCUSD bears may test back towards the $70.00 level if we continue to see upside failure.
The LTCUSD pair is only bullish while trading above the $80.00 level, key resistance is found at the $90.00 and the $110.00 levels.
If the LTCUSD pair trades below the $80.00, sellers may test the $70.00 and $50.00 support levels.