Litecoin Price Analysis: LTC/USD Sellers Next Target $35

Litecoin price is struggling to stay above the $40.00 support against the US Dollar. LTC/USD remains at a risk of a solid downward move towards $35.00.

Key Talking Points

Litecoin price is facing an increased selling pressure below the $42.00 level (Data feed of Kraken) against the US Dollar. There is a connecting bearish trend line formed with resistance at $42.00 on the hourly chart of the LTC/USD pair. LTC price could accelerate declines once there is a break below $40.00 and $39.50....

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