Litecoin is gaining traction above the $200.00 level as cryptocurrencies start to recover, following the early-week pullback. The Williams Alligator indicator, which is a key trend based indicator, shows that the bullish trend on the daily time frame remains in place with the LTCUSD pair trades above the $185.00 level. A technical breakout above the $230.00 level could cause the LTCUSD pair to rally towards the $250.00 resistance level.
The LTCUSD pair is only bullish while trading above the $185.00 level, key resistance is found at the $230.00 and the $250.00 levels.
If the LTCUSD pair trades below the $185.00, sellers may test the $155.00 and $135.00 support levels.
