LTCUSD triangle pattern now key
Litecoin is attempting to recover above the $80.00 level on Friday as the entire cryptocurrency market remains well supported. The four-hour time frame is showing a descending triangle pattern that will decide the next directional move for the LTCUSD pair. A bullish breakout will take the LTCUSD towards the $120.00 level, while a bearish breakout may take the LTCUSD pair towards the $65.00 level.
The LTCUSD pair is only bullish while trading above the $80.00 level, key resistance is found at the $100.00 and $120.00 levels.
If the LTCUSD pair trades below the $80.00 levels, key support is found at the $65.00 and $58.00 levels.