Litecoin is continuing its recent upside journey as the cryptocurrency market receives an overall boost from Bitcoin’s outperformance. The LTCUSD pair looks to be targeting the current yearly price high in the near-term, around the $185.00 resistance level. Traders should note that a large bullish reversal pattern will form if the LTCUSD pair reaches the $185.00 level.
The LTCUSD pair is only bullish while trading above the $160.00 level, key resistance is found at the $180.00 and the $185.00 levels.
If the LTCUSD pair trades below the $160.00, sellers may test the $155.00 and $135.00 support levels.
