Litecoin has fallen to a fresh weekly low in early Friday trade as the entire cryptocurrency market comes under heavy selling pressure. After peaking around the $36.60 level on Christmas Eve, the LTCUSD pair has now lost over twenty-five per cent of its market capitalization. A sustained move below the $26.00 support level may prompt traders to attempt to close the price gap around the $24.00 level.
The LTCUSD pair is heavily bullish while trading below the $26.00 level, key support is found at the $24.00 and the $20.80 levels.
If the LTCUSD pair moves above the $30.00, buyers may test the $33.00 and $36.00 resistance levels.
