Litecoin is starting to consolidate around the $150.00 level as the LTCUSD pair appears on the cusp of its next major directional move. Technical analysis shows that the LTCUSD pair could rally towards the $180.00 area if bulls can gain traction above the $150.00 level. To the downside, multiple daily price closes below the $140.00 level could cause traders to sell the LTCUSD pair.
The LTCUSD pair is only bullish while trading above the $140.00 level, key resistance is found at the $180.00 and the $200.00 levels.
If the LTCUSD pair trades below the $140.00, sellers may test the $120.00 and $95.00 support levels.
