LTCUSD Breaking out
Litecoin is breaking to the upside on Wednesday after bulls move the price through the technically important $190.00 resistance level. The four-hour time frame shows that the Parabolic SAR indicator is now generating a strong buy signal for the LTCUSD pair. The $225.00 level is a possible upside target in the short-term if bulls can gain traction above the $210.00 level.
The LTCUSD pair is only bullish while trading above the $190.00 level, key resistance is found at the $210.00 and the $225.00 levels.
If the LTCUSD pair trades below the $190.00, sellers may test the $155.00 and $135.00 support levels.