LTCUSD Triangle watch
Litecoin has started to reverse sharply to the downside after briefly breaking above the $190.00 resistance level in early Monday trading. The LTCUSD pair is currently trapped inside a large symmetrical triangle pattern and has been recently rejected from the top of the pattern. A technical breakout beneath the mentioned triangle pattern could provoke a sell-off towards the $135.00 level.
The LTCUSD pair is only bullish while trading above the $190.00 level, key resistance is found at the $210.00 and the $225.00 levels.
If the LTCUSD pair trades below the $190.00, sellers may test the $170.00 and $135.00 support levels.