Litecoin has moved back towards the $155.00 resistance zone as the increasingly popular cryptocurrency continue to track the price movements of Bitcoin. Technical analysis shows that a bearish reversal pattern may be formed across the lower time frames. According to the size of the pattern, a sustained breakout below the $145.00 level could cause the LTCUSD pair to fall towards the $130.00 area.
The LTCUSD pair is only bullish while trading above the $145.00 level, key resistance is found at the $155.00 and the $180.00 levels.
If the LTCUSD pair trades below the $145.00, sellers may test the $130.00 and $120.00 support levels.
