Litecoin (LTC) Ranges after a Breakdown, Is It Time to Buy?

After a pullback, the bulls retested the resistance to form a bearish double top pattern. After falling to its current low, Litecoin moves up again but faces a hurdle at the $50 resistance level.

Earlier the $50 price level had provided support before turning into resistance  level. The bulls broke the downtrend line and commenced a bullish move.

Timeline of Litecoin