LTCUSD $58.50 PIVOT

Litecoin is attempting to gain upside momentum after the sixth-largest cryptocurrency found buying interest from just above the $55.00 level. LTCUSD bulls need to hold price above the $58.50 level to encourage more technical buying towards the $65.00 level. Gains above the $65.00 level could see the LTCUSD pair testing towards trendline resistance, around the $72.50 level.

• The LTCUSD pair is only bullish while trading above the $58.50 level, key resistance is found at the $65.00 and the $72.50 levels.

• If the LTCUSD pair trades below the $58.50, sellers may test the $55.00 and $50.00 support levels.