Litecoin is starting to advance above the $60.00 handle as bullish tones spread through the crypto market due to positive regulatory news from South Korea. LTCUSD bulls may start to test towards the $72.50 level if they can break above the $66.00 resistance area. Only a daily price below the $58.00 level would negate the bullish short-term outlook surrounding the LTCUSD pair.
The LTCUSD pair is only bullish while trading above the $60.00 level, key resistance is found at the $72.50 and the $78.00 levels.
If the LTCUSD pair trades below the $60.00, sellers may test the $58.00 and $55.00 support levels.
