Litecoin has tumbled sharply lower in early Wednesday trading, with the LTCUSD pair now trading below the $75 level and moving to a fresh 2018 trading low, hitting $73.28
The LTCUSD pair has now lost close to twelve percent of its value since hitting a weekly trading high of $82.79
Further heavy technical selling in the LTCUSD pair remains likely while price trades below the $77 resistance level.
The LTCUSD pair is strongly bearish while trading below the $75 level, key technical support is now located at the $73.28 and $70 levels.
If the LTCUSD pair moves above the $75 level, price may correct back towards the $77 and $78.90 resistance levels.