LTCUSD INTRADAY BEARISH BELOW TRENDLINE RESISTANCE

The LTCUSD pair is back under short-term selling pressure after the seventh largest cryptocurrency briefly recovered above the $55.00 resistance level. The LTCUSD pair is intraday bearish while trading below the $52.00 level, which coincides with strong trendline resistance. In the medium-term, a large bearish head and shoulders pattern remains below the $48.00 level.

The LTCUSD pair is intraday bearish while trading below the $52.00 level, key support is found at the $48.00 and $40.00 levels.

If the LTCUSD pair moves below the $52.00 level, buyers may test towards the $55.00 and $58.80 resistance levels.