# Crypto Technicals: LTC/USD near-term bias turns bearish, test of fresh multi-month lows likely

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/4385
Published: 2019-12-03T11:45:41.000Z
Updated: 2019-12-03T11:45:41.000Z
Section: Investing

> Support: 42.00 (Trendline); Resistance: 46.77 (5-DMA)

[LTC/USD](<https://www.tradingview.com/symbols/LTCUSD/>) chart - Trading View

Exchange - Coinbase

Support: 42.00 (Trendline); Resistance: 46.77 (5-DMA)

Technical Analysis: Bias bearish

Litecoin has been on a downward spiral since June 2019 and the pair still remains in a strong bear grip.

The pair has faded recovery attempts and has resumed weakness, scope for test of fresh multi-month lows.

LTC/USD was trading at 44.81, down 1.73% at 10:55 GMT after closing 4.06% lower in the previous session.

Major trend has been bearish. Technical indicators support weakness. Near-term trend also has turned bearish.

Next bear target lies at 42.00 (Trendline). Break below will see dip till 88.6% Fib at 36.29.

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## Links in this article

- [LTC/USD](https://www.tradingview.com/symbols/LTCUSD/)
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