Litecoin is under severe pressure after breaking below the $36.00 level and losing nearly fifty percent of its value so far this month. LTCUSD sellers may target the 2018 swing-low around the $22.00 level while price trades below the $36.00 resistance level. Overall, traders have few reasons to be bullish towards the LTCUSD pair until a recovery above the $55.00 level occurs.
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 $28.00 and $22.00 support levels.
