Litecoin is under increasing selling pressure on Friday, with the popular cryptocurrency now testing the $41.00 support level. The $41.00 level was formerly the LTCUSD pairs yearly trading high and now becomes formed key resistance turned key support. A sustained break of this level may encourage selling towards the $36.00 level, while a strong bounce may provoke another test of the $46.00 level.
The LTCUSD pair is bullish while trading above the $41.00 level, key technical resistance is found at the $46.00 and $50.00 levels.
If the LTCUSD pair trades below the $41.00 level, key support is found at the $36.00 and $33.00 levels.
