Litecoin appears increasingly bearish in the short-term as traders continue to sell any rallies above the $60.00 resistance level. Litecoin is also falling to rallying alongside Bitcoin and is starting to form a bearish head and shoulders pattern on the lower time frame. The LTCUSD pair may need to fall back under the $50.00 level to attract fresh technical buying interest towards the $60.00 level.

The LTCUSD pair is only bullish while trading above the $55.00 level, key resistance is found at the $60.00 and the $63.00 levels.

If the LTCUSD pair trades below the $55.00, sellers may test the $51.00 and $48.00 support levels.

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(Excerpt) Read more Here | 2020-08-11 00:04:00
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