LTCUSD Pullback underway
Litecoin has staged a notable pullback towards the $45.00 area, due to bearish news surrounding the cryptocurrency exchange, OKEx. The LTCUSD pair has bounced from critical weekly support and could be set to rally back towards the $50.00 resistance area. Overall. A large symmetrical triangle pattern shows that the LTCUSD pair is set for a massive directional move.
The LTCUSD pair is only bullish while trading above the $47.00 level, key resistance is found at the $50.00 and the $57.00 levels.
If the LTCUSD pair trades below the $47.00, sellers may test the $45.00 and $43.00 support levels.