Litecoin has had a strong start to the new trading week, with the fifth-largest cryptocurrency advancing toward the $73.00 level. Multiple inverted head and shoulders patterns are building on the lower time frames, with the $80.00 level the first target. Overall, if price reaches the $80.00 level the LTCUSD pair could eventually move to its second upside target, around the $102.00 level.
The LTCUSD pair is only bullish while trading above the $65.00 level, key resistance is found at the $80.00 and $102.00 levels.
If the LTCUSD pair trades below the $65.00 level, key support is found at the $60.00 and $55.00 levels.
