Litecoin is gaining upside momentum this week, following the recent strong rally towards the $55,000 resistance level in the BTCUSD pair. The LTCUSD pair has officially staged a bullish breakout from a symmetrical triangle pattern on the lower time frame. According to the overall size of the mention triangle pattern, the LTCUSD pair could advance towards the $212.00 resistance area.
The LTCUSD pair is only bullish while trading above the $190.00 level, key resistance is found at the $212.00 and the $225.00 levels.
If the LTCUSD pair trades below the $190.00, sellers may test the $180.00 and $170.00 support levels.
