Litecoin is under further technical pressure, following a breakout below a symmetrical triangle pattern on the lower time frames. According to technical analysis, the LTCUSD pair could fall towards the $43.00 support area over the short-term horizon. Traders that are bullish towards the LTCUSD pair may look to buy into a price dip in expectation of further medium-term upside.
The LTCUSD pair is only bullish while trading above the $49.00 level, key resistance is found at the $52.00 and the $55.00 levels.
If the LTCUSD pair trades below the $49.00, sellers may test the $43.00 and $41.00 support levels.
