Litecoin, the sixth largest cryptocurrency by market capitalisation has come under fresh selling pressure and fallen towards the $76 level. Bearish pressure is likely to build on the LTCUSD pair while price trades below the $78.90 level, with the popular alternative-coin now shedding over thirteen percent of its value since hitting $88 last week. Sellers will likely target the $72.50 level, while bulls will look to reclaim the key $78.90 level.
The LTCUSD pair is bearish while trading below the $78.90 level, further losses towards the $75 and $72.50 support levels seems possible.
If the LTCUSD pair reclaims the $78.90 level, price may move back towards the $80.10 and $81.80 resistance levels.
The LTCUSD pair is bearish while trading below the $78.90 level, further losses towards the $75 and $72.50 support levels seems possible.
If the LTCUSD pair reclaims the $78.90 level, price may move back towards the $80.10 and $81.80 resistance levels.
