pair remains under selling pressure on Wednesday, as the eight largest cryptocurrency by market capitalization struggles to rally away from the worst trading levels of the week. Litecoin buyers need to force price back inside the well-defined flag pattern
to negate immediate downside pressure. The LTCUSD
pair will likely come under further technical selling pressure if the current weekly low, at $29.30, is clearly broken.
pair is bearish
while trading below the $33.00 level, key support is found at the $29.30 and the $24.80 levels.
If the LTCUSD
pair moves above the $33.00, buyers may test the $36.60 and $43.00 resistance levels.