Litecoin is attempting to move higher in early week trade after finding strong technical support from just above the $20.00 level. The $36.50 resistance level is likely to act as a major pivot point for traders during the course of this week. LTCUSD bulls may target the $50.00 resistance level if they can gain traction above the $36.50 level, while sellers may target the $22.00 level.
The LTCUSD pair is only bullish while trading above the $36.50 level, key resistance is found at the $50.00 and the $55.00 levels.
If the LTCUSD pair trades below the $36.50, sellers may test the $28.00 and $22.00 support levels.
