LTCUSD Attempting breakout

Litecoin is attempting to break out to the upside as the popular cryptocurrency closely track the price movements of the BTCUSD pair. Technical analysis shows that continued gains above the $90.00 level could see the LTCUSD pair rallying towards $110.00 level. If a false breakout above the $90.00 level takes place then the LTCUSD pair could retrace back towards the $70.00 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.