Litecoin price seems to be consolidating above the $76.00 support area. LTC must break the $82.00 and $86.00 resistance levels to revisit the $98.00 and $100.00 resistance levels.
This week, we saw a downside extension in bitcoin, Ethereum, ripple, litecoin, bitcoin cash and EOS. LTC price dipped below the $76.00 and $75.00 support levels to trade to a new weekly low at $74.93 before starting a fresh rebound.
Looking at the 2-hours chart of LTC/USD, the pair found support near $75.00 and recently corrected above the $76.00 and $78.00 resistance levels. There was even a break above the $80.00 resistance and the 25 simple moving average (2-hours).