Litecoin is testing interim support on Friday, as the fourth largest cryptocurrency struggles to make gains above the $60.00 resistance level. Bearish price divergence is also building on the Momentum and MACD indicators on the four-hour time frame. A sustained break under the $53.00 support level should accelerate technical selling back towards the important $46.50 level.
The LTCUSD pair is only bullish while trading above the $53.00 level, key technical resistance remains at the $60.00 and $65.00 levels.
If the LTCUSD pair moves under the $53.00 level, sellers may test towards the $46.50 and $36.00 support levels.
