Litecoin remains trapped within a tight trading range on Thursday as the cryptocurrency searches for a meaningful breakout. Technical analysis shows that a breakout above the $50.00 level could expose a further rally towards the $57.00 level. The $50.00 resistance level is also important as the LTCUSD pair’s 200-day moving average is currently located around this area.
The LTCUSD pair is only bullish while trading above the $45.00 level, key resistance is found at the $50.00 and the $57.00 levels.
If the LTCUSD pair trades below the $45.00, sellers may test the $37.00 and $32.00 support levels.
