Litecoin appears to be looking more bullish in the short-term, following a short-lived technical correction towards the $140.00 support area. In the near-term, gains above the $160.00 level are required to gain upside momentum towards the $180.00 resistance zone. To the downside, bulls need to defend the $145.00 support area to keep the overall bid-tone alive.

The LTCUSD pair is only bullish while trading above the $145.00 level, key resistance is found at the $160.00 and the $166.00 levels.

If the LTCUSD pair trades below the $145.00, sellers may test the $140.00 and $135.00 support levels.