It's been a rollercoaster the last couple of months for cryptocurrencies. We saw huge spikes and dips in Bitcoin #BTCUSD and Etherium #ETHUSD. I think trading cryptos purely on technical is imprudent because it is a very events-driven market at the moment. Still, technical support and resistance levels seem to have some significance.Litecoin (LTCUSD) 4H Chart(click to enlarge)Resistance:- The 4H chart shows the volatile price action in August and September. - Price action in September pretty much wiped out the gains in August, but there is a bounce after the sharp dip.- This rebound is now held below 57, a common resistance going back to July.- The RSI is above 70. Usually in a sideways market, resistance + overbought = a sell signal. - It looks like the market is at least following that in the near-term as we see LTCUSD stall at 57.Bullish Scenario:- If price breaks above 57, LTCUSD opens up at least the 64 area, which is a support/pivot area. Consolidation:- Otherwise, price has downside to 45, then 36. - This would mean that the market is sticking to the range (between 36 and 57) before the August spike and the September dip. Adjustment:- This idea assumes that the market is now going to take a breather. - But even with this assumption, we can adjust and anticipate a range higher than the 36 to 57 range. For example, the 48-68 range is in the middle of the 2016-2017 price range (roughly 36 to 92) and not the bottom half, which the 36-45 range represents.