Jan 27, 2021 17:47 GMTCrypto News Litecoin price has just defended a crucial support level at $121. The digital asset is trading inside a descending triangle pattern on the 12-hour chart. The TD Sequential indicator has presented a buy signal that can help the bulls. Litecoin has been trading sideways in a consolidation pattern after reaching its 2021 top at $185. LTC bulls are trying to defend a crucial support level and push Litecoin price towards $140. Litecoin price can quickly rise to $140 with this rebound On the 12-hour chart, Litecoin established a descending triangle pattern with a support trendline located at $121. It seems that bulls have defended this level once again and LTC price has rebounded by 6% in just two hours after touching $118.