LTCUSD testing cloud resistance
Litecoin continues to trade at elevated levels on Tuesday as the fifth largest cryptocurrency attempts to break past the $100.00 resistance barrier. The weekly time frame shows that the LTCUSD pair is testing Ichimoku cloud resistance, which extends up towards the $200.00 level. The weekly time frame also shows that key Ichimoku support is currently located at the $70.00 and $60.00 levels.
The LTCUSD pair is bullish while trading above the $60.00 level, key resistance is found at the $100.00 and $150.00 levels.
If the LTCUSD pair fails before the $100.00 levels, key support is found at the $70.00 and $60.00 levels.