Litecoin is starting to consolidate around the $83.50 level in early Thursday trading, after multiple technical rejections from the key $85 resistance area.
The intraday sentiment towards the LTCUSD pair is starting to turn bearish, after price created a bearish double-top pattern.
Sellers will now try to break the $81 support level, while buyers will look to move price above the $85 resistance level once again.
The LTCUSD pair is only intraday bullish while trading above the $85 level, further upside towards the $87 and $88 levels remains possible.
If the LTCUSD pair moves below the $81 level, price may start to move back towards the $79.70 and $77 support levels.
The intraday sentiment towards the LTCUSD pair is starting to turn bearish, after price created a bearish double-top pattern.
Sellers will now try to break the $81 support level, while buyers will look to move price above the $85 resistance level once again.
The LTCUSD pair is only intraday bullish while trading above the $85 level, further upside towards the $87 and $88 levels remains possible.
If the LTCUSD pair moves below the $81 level, price may start to move back towards the $79.70 and $77 support levels.
