Litecoin is coming under fire on Tuesday as the wide-spread sell-off in the cryptocurrency market is pressuring the top altcoins. A bearish head and shoulders pattern has been activated, following a breakout under the neckline support, around the $185.00 level. According to the overall size of the pattern, the LTCUSD pair could fall towards the $135.00 support level.
The LTCUSD pair is only bullish while trading above the $210.00 level, key resistance is found at the $220.00 and the $245.00 levels.
If the LTCUSD pair trades below $210.00, sellers may test the $165.00 and $135.00 support levels.
