LTCUSD Stuck on top

Litecoin is struggling to break above the $140.00 resistance level, despite Bitcoin and Ethereum surging to new yearly trading highs. Technical analysis shows that the LTCUSD pair needs to break past the $140.00 level to encourage the next major push higher. Failure to surpass the $140.00 resistance level could see the LTCUSD pair sold down towards the $100.00 benchmark level.

• The LTCUSD pair is only bullish while trading above the $120.00 level, key resistance is found at the $140.00 and the $160.00 levels.

• If the LTCUSD pair trades below the $120.00, sellers may test the $100.00 and $85.00 support levels.