LTCUSD Breaks resistance
Litecoin is starting to trade higher in early Tuesday trade after breaking through strong technical resistance from just above the $90.00 level. The Relative Strength Index indicator shows that a correction is possible as the LTCUSD pair is currently extremely overbought. Lower time frame analysis suggests that any potential move lower in the LTCUSD pair could reach the $75.00 level.
The LTCUSD pair is only bullish while trading above the $80.00 level, key resistance is found at the $90.00 and the $100.00 levels.
If the LTCUSD pair trades below the $80.00, sellers may test the $75.00 and $73.00 support levels.