Litecoin remains under downside pressure on Monday as the popular cryptocurrency fails to attract any meaningful buying interest. Overall, a breakdown below the $82.00 level is likely to prompt a further bearish move towards at least the $70.00 level. Only a sustained move above the $130.00 resistance level can secure the fifth largest cryptocurrencies overall weekly outlook.
The LTCUSD pair is only bullish while trading above the $130.00 level, key resistance is found at the $140.00 and $165.00 levels.
If the LTCUSD pair trades below the $82.00 level, key support is found at the $70.00 and $65.00 levels.
