Litecoin is on the move on Friday, with the increasingly bullish cryptocurrency testing back towards the important $50.00 resistance level. A breakout under the $50.00 level could prompt selling towards the $45.00 level, while a reversal around the $50.00 could see the pair bought towards the $60.00 level again. Overall, dip-buying is likely to come into focus if the LTCUSD pair does fall back towards the $45.00 level.
The LTCUSD pair is bullish while trading above the $55.00 level, key resistance is found at the $60.00 and the $63.00 levels.
If the LTCUSD pair trades below the $55.00, sellers may test the $50.00 and $45.00 support levels.
