Litecoin is building short-term momentum alongside Bitcoin as the crypto market continues to move away from the trading lows of last week. Looking at the week ahead, critical down slopping trendline resistance on the daily time frame is found around the $190.00 level. Sellers may be waiting around this level, however, a break through trendline resistance could cause a rally towards the $225.00 level.
The LTCUSD pair is only bullish while trading above the $190.00 level, key resistance is found at the $210.00 and the $225.00 levels.
If the LTCUSD pair trades below the $190.00, sellers may test the $155.00 and $135.00 support levels.
