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Litecoin holds the $ 60.00 support level as short and medium term traders keep the recent bullish momentum intact. Technical analysis shows that the LTCUSD pair could rise towards the $ 70.00 level if the $ 63.00 resistance zone is breached. Furthermore, a breakout above $ 70.00 could see Litecoin begin to rise towards the psychological level of $ 100.00.
The LTCUSD pair is bullish only as it is trading above the $ 57.00 level, the key resistance is at the $ 63.00 and $ 70.00 levels.
If the LTCUSD pair is trading below $ 57.00, sellers can test the support levels of $ 53.00 and $ 50.00.
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