Litecoin, the seventh largest cryptocurrency by market capitalisation is starting to trade back above the $50.00 level, after suffering double-digit losses on Tuesday. The LTCUSD pair retains a bullish intraday trading bias while holding above the $50.00 level and may correct back towards $70.00 area. The MACD indicator is also starting to turn higher across the lower time frames.
The LTCUSD pair is only intraday bullish while trading above the $50.00 level, further upside towards the $58.00 and $64.00 resistance levels remains possible.
If the LTCUSD pair falls below the $50.00 level, sellers will likely test towards the $47.00 and $45.00 support levels.
The LTCUSD pair is only intraday bullish while trading above the $50.00 level, further upside towards the $58.00 and $64.00 resistance levels remains possible.
If the LTCUSD pair falls below the $50.00 level, sellers will likely test towards the $47.00 and $45.00 support levels.
