LTCUSD bulls need a strong move above $36.00
The LTCUSD pair is consolidating above the $30.00 level in early Friday trade, after two failed attempts to surpass the $33.00 resistance area. Buyers now need a strong move above the $36.00 level in order to trigger the bullish inverted head and shoulders pattern on the lower time frames. Repeated failure to launch higher may prompt a further technical test of the $26.00 support level.
The LTCUSD pair is only bullish while trading above the $33.00 level, key resistance is found at the $36.60 and the $45.00 levels.
If the LTCUSD pair moves below the $30.00, sellers may test the $26.00 and $21.50 support levels.