Litecoin is back under selling pressure as the new trading starts, with the LTCUSD eroding its former weekly gains and testing towards the $50.00 support level. The seventh largest cryptocurrency by market capitalization is likely to remain under selling pressure while trading below the $50.40 level. LTCUSD buyers need to move price above the $52.20 resistance level, while sellers will likely test towards the current monthly trading low.
The LTCUSD pair is intraday bearish while trading below the $50.40 level, key support is found at the $48.00 and $46.50 levels.
If the LTCUSD pair trades above the $52.20 level, buyers are likely to test towards the $55.50 and $59.00 resistance levels.
The LTCUSD pair is intraday bearish while trading below the $50.40 level, key support is found at the $48.00 and $46.50 levels.
If the LTCUSD pair trades above the $52.20 level, buyers are likely to test towards the $55.50 and $59.00 resistance levels.
