Litecoin is struggling to recover above the pivotal $55.00 level, placing the emphasis on further downside for the sixth-largest cryptocurrency. The current risk for the LTCUSD pair at current levels is an extended slump towards the $36.50 support region. Sellers should cautious as a bullish triple-bottom pattern formation could form if the $36.50 level continues to be defended this week.
The LTCUSD pair is only bullish while trading above the $55.00 level, key resistance is found at the $60.00 and the $66.0 levels.
If the LTCUSD pair trades below the $55.00, sellers may test the $40.00 and $36.00 support levels.
