Litecoin is at risk of further losses in the short-term, after crashing below its key 200-day moving average, around the $48.00 level. LTCUSD sellers may target the $43.00 and possibly the $36.00 level if the cryptocurrency remains below the $48.00 level. Multi-day price stabilization above the $48.00 could encourage a technical test of the $51.00 and possibly the $55.00 level.
The LTCUSD pair is only bullish while trading above the $48.00 level, key resistance is found at the $51.00 and the $53.00 levels.
If the LTCUSD pair trades below the $48.00, sellers may test the $43.00 and $36.00 support levels.
