Litecoin remains range bound on Wednesday with the sentiment towards cryptocurrencies fragile after the broader cryptocurrency market suffered two days of losses. The LTCUSD pair will likely experience more losses below the $53.50 level if price moves below key trend line support. The MACD indicator across the one-hour time frame is getting ready for its next directional move.
The LTCUSD pair is bearish while trading below the $53.50 level, key support is then found at the $48.90 and $45.50 levels.
If the LTCUSD pair continues to trade above the $53.50 level, buyers may test towards the $58.50 and $62.00 resistance levels.
The LTCUSD pair is bearish while trading below the $53.50 level, key support is then found at the $48.90 and $45.50 levels.
If the LTCUSD pair continues to trade above the $53.50 level, buyers may test towards the $58.50 and $62.00 resistance levels.
