- Litecoin's price cooled significantly on Monday, which was down 5%, following last week's strong performance
- LTC / USD downward pressure is potentially troubling, with a key support zone test , view from $ 55 to high $ 54.
On Monday the price of Litecoin was one of the least performing, falling by about 5% in the session, as the crypto market was seen softer. Litecoin lost bullish momentum after the highs printed on August 18, over $ 62.
LTC / USD enjoyed a good bull run last week, earning a whopping 18%, staging a big rebound from the heavy losses encountered last month. The race could have been much more powerful for the bulls if they managed to break a stubborn refueling area.
Short-term resistance is causing bull problems, the supply zone is being tracked within the first 62 $ of the territory. This known area has been a problem for just over a month of trading. The LTC / USD bears are currently testing a key support area seen running from $ 55 to the $ 54 territory, a violation could see a quick downward slide down to $ 50.
Chart 60 minutes LTC / USD
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