Litecoin is continuing to recover higher in early Friday trade, after finding strong dip-buying demand from the $27.19 level. Buyers need to break above the $35.67 resistance level, in order to trigger the bullish inverted head and shoulders pattern that is building across the lower time frames. A sustained move below the $29.67 support level will likely put downside pressure back on the LTCUSD pair.
The LTCUSD pair is only bullish while trading above the $29.67 level, key resistance is found at the $35.67 and $40.00 levels.
If the LTCUSD pair trades below the $29.67 level, sellers are likely to test towards the $28.50 and $27.20 support levels.