LTCUSD STRONG OPEN TO THE NEW TRADING WEEK
Litecoin has opened the new trading week strongly, with the LTCUSD pair gaining over five per cent intraday and regaining its place as the seventh largest cryptocurrency by market capitalization. The LTCUSD pair is trading around the $25.00 level and has moved above its 100-hour moving average for the first time this month. If bullish momentum continues, the move higher could easily extend towards the $28.00 and $30.00 resistance levels.
The LTCUSD pair is bullish while trading above the $25.00 level, key resistance is found at the $28.00 and the $30.00 levels.
If the LTCUSD pair moves below the $25.00, sellers may test the $24.50 and $23.00 support levels.