Litecoin Technical Analysis: LTC/USD re-approaching the catastrophic 9 month lows, as the bears look at taking out the $70 level, which could be devastating for the price

• Litecoin nursing losses of over 1.5%, as it continues to be hit with selling pressure.
• LTC/USD ran into strong resistance between $77-75, being forced to know defend $70 territory.  
• Eyes are on a retest of the lows on 4th and 5th August, which marked the lowest level since November 2017 at $72.155.  

LTC/USD 4-hour chart

Spot rate:                    73.434

Relative change:        -1.60%

High:                          76.789

Low:                           73.280

Trend:                        Bearish

Support 1:                  73.061, (support on 4-hour chart).  

Support 2:                  72.750, demand zone entrance.  

Support 3:                  72.155, 4th and 5th August low, (9-month low).

Resistance 1:             75.000, supply zone.

Resistance 2:             77.550, 50MA.

Resistance 3:             76.550, 100MA, supply zone & 21st July low.