Litecoin is continuous to maneuver in direction of the $50.00 help degree, because the current reversal in Bitcoin has put the highest altcoins again underneath promoting strain. Greater timeframe evaluation exhibits that the LTCUSD pair will flip technically bearish if a break underneath $48.50 degree. The $48.50 degree is essential as a result of that’s the location of Litecoin’s trend-defining 200-day transferring common.
The LTCUSD pair is barely bullish whereas buying and selling above the $55.00 degree, key resistance is discovered on the $57.00 and the $60.00 ranges.
If the LTCUSD pair trades beneath the $55.00, sellers could check the $48.50 and $45.00 help ranges.