* The prior high becomes the goal to defeat by the bulls
* LTC/USD breaks beneath the moving average 5 and 13 for the first time after January 24
* LTC/USD has lost upside momentum to the north earlier, near-term support is discovered at $ 72.15
Litecoin incurred massive losses on the weekend after the altcoin sphere was subjected to bearish pressure along with Bitcoin. In the long term, the LTC/USD pair may weaken to the level of $ 68.58 on the off-chance the cryptocurrency continues to trend beneath the resistance level of $ 78.45.
Litecoin price protects support at $ 72.15 level of the last swing high at $ 84.50 level to a swing low at $ 50.63 level. The trading range begins when the RSI tries to recover past 30, and the near term resistance zone is at the level of $ 75.42. The moment it’s broken, the bulls can concentrate on breaking past resistance zones at the level of $ 78.45 and $ 84.50 level accordingly.
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