LTCUSD $100.00 possible
Litecoin is coming under pressure alongside a number of other top altcoins on Friday as traders continue to sell the BTCUSD pair. From a technical perspective, the LTCUSD looks bearish after posting a double-top price pattern, following the recent rejection from the $166.00. Technical analysis highlights the $100.00 and $85.00 levels as possible downside targets in the near-term.
The LTCUSD pair is only bullish while trading above the $140.00 level, key resistance is found at the $166.00 and the $185.00 levels.
If the LTCUSD pair trades below the $140.00, sellers may test the $100.00 and $85.00 support levels.