Litecoin technical analysis: LTC/USD dancing on the edge of the $70 cliff

Litecoin technical analysis: LTC/USD dancing on the edge of the $70 cliff

Litecoin price still holds position above the main long-term trendline in spite of the correction from 2019 high $146.27. Litecoin must clear the resistance at $77-80 to open the door for a retracement towards $100. The new pivotal level is $70 although Litecoin technical point towards an ongoing bearish action.