LTCUSD Recovery expected
Litecoin is attempting to recovery above the $47.00 level after the cryptocurrency found strong technical support from the $45.00 area. LTCUSD bulls may now start to attack towards the $50.00 level if the $47.00 support level continues to hold downside attack. Medium-term technical analysis shows that the LTCUSD pair could rally towards the $57.00 level if the $52.00 level is broken.
The LTCUSD pair is only bullish while trading above the $47.00 level, key resistance is found at the $50.00 and the $57.00 levels.
If the LTCUSD pair trades below the $47.00, sellers may test the $45.00 and $43.00 support levels.