LTCUSD $38.60 NOW KEY TECHNICAL SUPPORT

Litecoin has remained under heavy selling pressure as the new trading week begins with price slumping below the $40.00 support level. The LTCUSD continues to exhibit bearish trading momentum, after buyers recent failure to move price above the $43.00 resistance level. A clear breach of the $38.60 level exposes further downside in the LTCUSD pair towards the $33.00 support level.

The LTCUSD pair is strongly bearish while trading below the $43.00 level, key support is found at the $38.60 and $33.00 levels.

If the LTCUSD pair trades above the $43.00 level, buyers are likely to test towards the $45.00 and $47.50 resistance levels.