LTCUSD Breakout Underway
Litecoin has finally broken past the $140.00 resistance level, as the popular cryptocurrency follows Bitcoin and Ethereum higher. Technical analysis shows that the LTCUSD pair could target the $200.00 now that bulls have surpassed the $140.00 resistance level. LTCUSD dip-buyers may look to buy any price pullbacks towards the $140.00 level in expectation of further upside.
The LTCUSD pair is only bullish while trading above the $140.00 level, key resistance is found at the $180.00 and the $200.00 levels.
If the LTCUSD pair trades below the $140.00, sellers may test the $130.00 and $120.00 support levels.
Reprinted from ActionForex，the copyright all reserved by the original author.
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