Litecoin, the seventh largest cryptocurrency by market capitalization has turned intraday bullish after breaking higher alongside the broader cryptocurrency market.
The bullish move above the $58.00 level has negated the bearish head and shoulders pattern that formerly in place. The MACD indicator across the four-hour time frame has also moved into positive territory.
The LTCUSD pair is bullish while trading above the $58.00 level, key resistance is found at the $65.00 and $69.00 levels.
If the LTCUSD pair moves below the $58.00 level, price may fall towards the $55.00 and $52.00 levels.
The bullish move above the $58.00 level has negated the bearish head and shoulders pattern that formerly in place. The MACD indicator across the four-hour time frame has also moved into positive territory.
The LTCUSD pair is bullish while trading above the $58.00 level, key resistance is found at the $65.00 and $69.00 levels.
If the LTCUSD pair moves below the $58.00 level, price may fall towards the $55.00 and $52.00 levels.
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