LTC’s 70% upswing depends on this key demand barrier

• Litecoin price dropped 37% since it got rejected by the ascending parallel channel’s upper trendline on February 20.
• Now, LTC is undergoing a pullback before it sees a 70% upswing.
• However, if LTC price manages to slice through $161, a 36% crash can be expected.

Litecoin price recently bounced off the $153 level, creating the third lower low for an ascending parallel channel. Due to the recent selling pressure, LTC’s upswing has taken a hit resulting in a small…