BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
Litecoin continues to press higher on the cryptocurrency market, following its recent reversal from just above the $45.00 level. A sustained breakout above the $60.00 level should lead to further gains for the LTCUSD pair towards at least the $72.00 resistance level . The four-hour time frame also shows that the recent rally has helped to invalidate a bearish head and shoulders pattern.

• If the LTCUSD pair trades below the $60.00 level, key support is found at the $50.00 and $47.00 levels.
• If the LTCUSD pair trades above the $60.00 level, key resistance is found at the $65.00 and $72.00 levels.


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