Litecoin is consolidating around the $45.00 support level as the cryptocurrency awaits its next major directional move. The LTCUSD pair is increasingly likely to test towards the $58.00 level while trading above the $45.00 level. Overall, continued gains in the BTCUSD pair should help to lend support to other major cryptocurrencies.
The LTCUSD pair is bullish while trading above the $45.00 level, key resistance is found at the $50.00 and the $58.00 levels.
If the LTCUSD pair trades below the $45.00, sellers may test the $40.00 and $36.00 support levels.
