LTCUSD on the move
Litecoin is testing higher alongside the broader cryptocurrency market on Tuesday as the recovery from the $36.00 level gathers pace. Sustained gains above the $45.00 level could see the LTCUSD pair advancing towards the $58.00 level over the coming days. A bullish inverted head and shoulders pattern will be triggered into action if LTCUSD bulls can lift price above the $48.00 level.
The LTCUSD pair is bullish while trading above the $40.00 level, key resistance is found at the $48.00 and the $59.00 levels.
If the LTCUSD pair trades below the $40.00, sellers may test the $38.00 and $36.00 support levels.