LTCUSD $31.50 now key support

The LTCUSD pair has come under heavy selling pressure, after a brief period of stability in the broader cryptocurrency market. The decline has so far found support from the $31.50 level, a further move below the $30.00 level will likely increase technical selling. It is also worth noting that LTCUSD bulls may use the pullback as a chance to buy the pair at a more attractive price and the drop has helped closed to close the gap on the charts.

The LTCUSD pair is bearish while trading below the $36.60 level, key support is found at the $30.00 and the $26.00 levels.

If the LTCUSD pair holds above the $31.50, buyers may test the $36.60 and $40.00 resistance levels.