Litecoin appears increasingly bullish over the short and medium-term as the eight-largest cryptocurrency continues to gain momentum above the $43.00 level. LTCUSD bulls appear to target the cryptocurrencies 200-day moving average, around the $50.00 level. A bearish head and shoulders pattern will also be invalidated on the lower time frames if the LTCUSD pair reaches the $50.00 level.
The LTCUSD pair is only bullish while trading above the $43.00 level, key resistance is found at the $50.00 and the $55.00 levels.
If the LTCUSD pair trades below the $43.00, sellers may test the $40.00 and $36.00 support levels.
