Litecoin has resumed its recent downward move following a strong technical rejection from the $35.00 resistance level on Thursday. The LTCUSD pair has also broken below the recently symmetrical triangle pattern on the four-hour time frame. A strong move below the current weekly and monthly trading low will likely accelerate technical selling towards the $27.00 level.
The LTCUSD pair is strongly bearish while trading below the $35.00 level, key support is found at the $29.60 and $27.00 levels.
If the LTCUSD pair trades above the $35.00 level, buyers are likely to test towards the $38.00 and $40.10 resistance levels.
The LTCUSD pair is strongly bearish while trading below the $35.00 level, key support is found at the $29.60 and $27.00 levels.
If the LTCUSD pair trades above the $35.00 level, buyers are likely to test towards the $38.00 and $40.10 resistance levels.
