Litecoin is losing recent upside momentum after the sixth-largest cryptocurrency struggled to break through the $45.00 level. In the short-term bullish scenario, where the LTCUSD pair test the $50.00 level remains valid while the $36.00 support level holds. At this stage, price stabilization above the $45.00 level is needed to confirm the completion of a bullish inverted head and shoulders pattern.
The LTCUSD pair is bullish while trading above the $36.00 level, key resistance is found at the $45.00 and the $50.00 levels.
If the LTCUSD pair trades below the $36.00, sellers may test the $32.00 and $25.00 support levels.
