LTCUSD $57.50 key support
Litecoin is starting to appear more bullish in the short-term, following the recent powerful recovery in the cryptocurrency from the $54.00 area. Technical analysis shows that bulls need to maintain the LTCUSD pair above the $57.50 area to encourage gains towards the $69.00 level. Higher time frame analysis continues to suggests that the LTCUSD could rally towards the $80.00 area.
The LTCUSD pair is only bullish while trading above the $57.50 level, key resistance is found at the $69.00 and the $80.00 levels.
If the LTCUSD pair trades below the $57.50, sellers may test the $56.00 and $54.00 support levels.