Litecoin has fallen back towards the $80.00 support level, after hitting a new yearly high over the weekend, around the $90.00 level. Traders that are bullish towards the LTCUSD pair may await a stronger pullback to enter back into the prevailing bullish trend. Higher time frame analysis still shows that the $120.00 resistance level still remains a viable long-term target for bulls.
The LTCUSD pair is only bullish while trading above the $75.00 level, key resistance is found at the $90.00 and the $100.00 levels.
If the LTCUSD pair trades below the $75.00, sellers may test the $73.00 and $70.00 support levels.
