LTCUSD Triangle breakout
Litecoin is getting ready for a major directional move in the near-term as the popular cryptocurrency trades within a large triangle pattern. According to the size of the triangle pattern, the LTCUSD pair is likely to stage a $20.00 directional move once a breakout takes place. The technical analysis highlights that the triangle pattern is located between the $70.00 and $90.00 levels.
The LTCUSD pair is only bullish while trading above the $80.00 level, key resistance is found at the $90.00 and the $110.00 levels.
If the LTCUSD pair trades below the $80.00, sellers may test the $70.00 and $50.00 support levels.