Litecoin has moved sharply higher on Wednesday, with the fifth largest cryptocurrency moving to its highest trading level since November last year. If bulls can break above the $54.00 resistance level, the LTCUSD pair could rally towards the $65.00 region. Traders should note that a large inverted head and shoulders pattern is building on the four-hour time frame.
The LTCUSD pair is bullish while trading above the $39.50 level, key technical resistance is now found at the $54.00 and $65.00 levels.
If the LTCUSD pair trades below the $39.50 level, key support is found at the $36.00 and $33.00 levels.
