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LTCUSD BEARISH TRADING BIAS BELOW $80

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
Litecoin, the sixth largest cryptocurrency by market capitalisation continues to drift lower alongside the broader digital currency market on Tuesday. The LTCUSD             pair is likely to continue to weaken further intraday while trading below the key $80 level.

The LTCUSD             pair also looks to be creating a bearish head and shoulders pattern, while the MACD indicator is also moving lower, pointing to more weakness ahead.

The LTCUSD             pair is bearish while trading below the $80 level, key technical support below Is located at the $78 and $75 levels.

If the LTCUSD             pair trades back above the $80 level, buyers may test towards the $83 and $85.50 resistance levels.
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