Litecoin is consolidating towards the middle of its weekly trading on Friday, as the popular digital currency remains resilient despite the broader cryptocurrency coming back under selling pressure. A clear technical breakout from the $28.00 to $33.00 price range is now needed for a new short-term trend to emerge. A bearish head and shoulders pattern is still visible on the lower time frames, with a downside projection of over $10.00.
The LTCUSD pair is bearish while trading below the $28.00 level, key support is found at the $25.50 and $20.00 levels.
If the LTCUSD pair trades above the $33.00, buyers may test the $36.00 and $40.00 resistance levels.
