Crypto Technicals: LTC/USD finds major support at 41.85, break below will open further downside for the pair

LTC/USD chart - Trading View

Exchange - Coinbase

Support: 41.85 (Trendline); Resistance: 43.45 (5-DMA)

Technical Analysis: Bias Bearish

LTC/USD was trading 1.54% lower at 42.74 at 12:20 GMT, after closing 0.39% higher in the previous session.

Minor recovery in the pair faltered at 200H MA, the pair has resumed weakness since.

Technical indicators are biased lower. Major and minor trend in the pair are bearish.

MACD is well in the negative territory and ADX supports weakness. Bears eye trendline support at 41.85.

Breach below trendline support (41.85) will open downside for the pair. Next major support lies at 36.29 (88.6% Fib).

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