Litecoin is on the rise on Wednesday, following bullish news that Microstrategy has added a further 3,000 BTC to its crypto holdings. The sentiment is turning positive again in the market, with the LTCUSD pair now testing a key rising trendline, around the $185.00 level. Gains above the $185.00 resistance level are likely to cause further upside in the LTCUSD pair towards the $200.00 level.
The LTCUSD pair is only bullish while trading above the $185.00 level, key resistance is found at the $200.00 and the $210.00 levels.
If the LTCUSD pair trades below $185.00, sellers may test the $165.00 and $135.00 support levels.
