LTCUSD watching triangle pattern
Litecoin is trading fairly cautiously on Wednesday, as the fifth largest cryptocurrency by market capitalization awaits the next breakout move in Bitcoin. The daily time frame is showing that the LTCUSD pair is trapped within a neutral triangle pattern. A bearish breakout may provoke a move towards the $100.00 level, while a bullish breakout may see a test towards the $140.00 level.
The LTCUSD pair is only bullish while trading above the $125.00 level, key resistance is found at the $140.00 and $160.00 levels.
If the LTCUSD pair trades below the $115.00 level, key support is found at the $100.00 and $88.00 levels.