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.
