LTCUSD $90.00 still key
Litecoin is struggling to break past the $90.00 resistance level, despite Bitcoin advancing to new all-time high on certain cryptocurrency exchanges yesterday. Technical analysis highlights that the LTCUSD pair could correct back towards the $70.00 level if the $90.00 level continues to hold. To the upside, a breakout above the $90.00 level could see the LTCUSD pair rallying towards the $110.00 area.
The LTCUSD pair is only bullish while trading above the $80.00 level, key resistance is found at the $90.00 and the $110.00 levels.
If the LTCUSD pair trades below the $80.00, sellers may test the $75.00 and $70.00 support levels.