LTCUSD breakout underway
Litecoin has staged a major upside move over the weekend, with the eight-largest cryptocurrency posting double-digit trading gains. A breakout above the $51.00 level should trigger the next major push higher in the LTCUSD pair towards the $60.00 area. To the downside, any corrective rallies are likely to find strong dup-buying interest around the technically important $45.00 level.
The LTCUSD pair is only bullish while trading above the $45.00 level, key resistance is found at the $51.00 and the $55.00 levels.
If the LTCUSD pair trades below the $45.00, sellers may test the $44.00 and $33.00 support levels.