Litecoin continues to struggle with the $60.00 resistance level as buying volumes and bullish momentum are starting to subside. The Ichimoku indicator on the daily time frame is showing that key support for the LTCUSD pair is found at the $57.00 and $52.00 levels. If the $52.00 level is broken, critical weekly support from the Ichimoku cloud is found at the $40.00 level.
If the LTCUSD pair moves under the $60.00 level, buyers may test towards the $65.00 and $70.00 resistance levels.
If the LTCUSD pair falls under the $57.00 level, key support is found at the $52.00 and $40.00 levels.
