Litecoin is struggling to move higher on Wednesday, as the sixth largest cryptocurrency by market capitalization failed to rally alongside Bitcoin
on Tuesday. The LTCUSD
pair is still trapped within a bullish descending triangle
pattern on the daily time frame. Overall, the LTCUSD
pair still has a bullish
weekly trading bias above the $65.00 level, which is the neckline of the large inverted head and shoulders
pair is only bullish
while trading above the $65.00 level, key resistance is found at the $85.00 and $100.00 levels.
If the LTCUSD
pair trades below the $65.00 level, key support is found at the $50.00 and $45.00 levels.