Litecoin is increasingly volatile over the short-term, after rallying towards the $67.00 level and then reversing sharply lower. Technical analysis on the higher time frames highlights that a major bullish breakout is underway while price trades above the $62.50 level. If bulls can maintain the ongoing breakout then the LTCUSD pair could surge towards the $70.00 level this week.
The LTCUSD pair is only bullish while trading above the $60.00 level, key resistance is found at the $67.00 and the $70.00 levels.
If the LTCUSD pair trades below the $60.00, sellers may test the $57.00 and $55.00 support levels.
