LTCUSD $80.00 hit
Litecoin has rallied towards the $80.00 level as the breakout rally in the increasingly popular cryptocurrency shows few signs of stopping. Technical analysis highlights that the LTCUSD pair could trade towards the $90.00 level, following a multi-year trendline breakout. Traders looking to fade the ongoing rally may have to wait until the LTCUSD pair reaches the $90.00 area.
The LTCUSD pair is only bullish while trading above the $70.00 level, key resistance is found at the $83.00 and the $90.00 levels.
If the LTCUSD pair trades below the $70.00, sellers may test the $63.00 and $60.00 support levels.