Litecoin is trading close to the $75.00 level on Wednesday, after being strongly rejected from the $78.50 level earlier this week. Downside momentum is starting to build while the LTCUSD pair fails to make new high, placing the $71.00 support level in focus. A break under the $71.00 support level could see the LTCUSD pair falling towards the $60.00 area.
The LTCUSD pair is bullish while trading above the $71.00 level, key resistance is found at the $78.50 and the $80.00 levels.
If the LTCUSD pair trades below the $71.00, sellers may test the $65.00 and $60.00 support levels.
