![Litecoin [LTC]: Bears seize control with break of trendline support](https://i.headtopics.com/images/2023/6/13/cryptoamb/litecoin-ltc-bears-seize-control-with-break-of-tre-litecoin-ltc-bears-seize-control-with-break-of-tre-1668386446925766656.webp)
Another major downtrend could be likely for LTC after break of key support confluence.
ranging between the $25.6k and $26.2k levels, LTC could experience further downside in the coming days.Source: LTC/USDT on Trading View
Examining Litecoin’s price action in the 12-hour timeframe revealed an interesting price war between bulls and bears. Bulls held the upper hand from 14 May using the $80 psychological level to rally. The significant buying pressure saw bulls claim the minor resistance at $85 with successive bullish candles.
However, the $97 resistance level proved to be a major stumbling block. Price was swiftly rejected at the level with bears immediately seizing control. Three bearish candles in a row saw the price quickly drop to the $85 support level. A brief bullish rebound from the $85 support level was again curtailed by bears. Sustained selling pressure on 10 June saw bears claim the $85 and $80 support levels, breaking the lower high of the bullish uptrend and smashing the support confluence at $80.
The on-chart indicators highlighted the bearish dominance. The Relative Strength Index dropped into the oversold zone and stood at 28, as of the time of writing. The Moving Average Convergence Divergence posted a bearish crossover on 5 June and continued to decline below the zero mark with multiple red bars.
This implied that further bearish activity could see sellers target the $72 and $65 support levels. On the other hand, bulls could look to rebound with a rally to the $80 key level.
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