Litecoin is starting to lose upside momentum in the short-term as bulls struggle to break above the psychological $50.00 resistance level. Failure to hold price above the $45.00 level could see the LTCUSD pair sold back towards the $36.50 support level. Looking at the upside, gains above the $50.00 resistance level could see the LTCUSD pair rallying towards the $55.00 level.
The LTCUSD pair is only bullish while trading above the $45.00 level, key resistance is found at the $50.00 and the $55.0 levels.
If the LTCUSD pair trades below the $45.00, sellers may test the $40.00 and $36.50 support levels.
