Litecoin could be preparing for a much-needed technical correction after the cryptocurrency quickly reversed from the $84.50 level. Continued weakness below the $77.00 level will signal a deeper bearish correction to come in the LTCUSD pair over the coming days. Expected bearish targets for the LTCUSD pair extend down towards the $71.00 and $65.00 support levels.
The LTCUSD pair is bullish while trading above the $77.00 level, key resistance is found at the $84.50 and the $90.00 levels.
If the LTCUSD pair trades below the $77.00, sellers may test the $71.00 and $65.00 support levels.
