Litecoin suffered heavy losses over the weekend after the altcoin space came under downside selling pressure alongside Bitcoin. Going forward, the LTCUSD pair could weaken towards the $71.00 level if the cryptocurrency continues to hold under the $77.50 resisatnce level. Any corrections back towards the $82.50 area may be see as a major selling opportunity by LTCUSD bears.
The LTCUSD pair is bullish while trading above the $77500 level, key resistance is found at the $82.50 and the $85.00 levels.
If the LTCUSD pair trades below the $77.50, sellers may test the $71.00 and $65.00 support levels.
