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  • Litecoin is trading 7% lower on Monday but has bounced off its lows.
  • The LTC/USD pair has found support just ahead of the 61.8% Fibonacci level.

LTC/USD 1-Hour Chart

Litecoin has found some support after having a torrid start to the session on Monday.

There could be some resistance at 75.00 and 80.00 beyond that.

The volume has also picked up during this latest small buying spree.

This move lower could just be a deep retracement after a move higher.

On the daily chart, this does look like a lower high heading into some weakness.

 

Litecoin

Additional Levels

 

Expert score

5

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