Litecoin has turned technical bullish and broken above the $50.00 level, as traders start to buy into altcoins as Bitcoin breaks to the upside. The LTCUSD pair could target the $57.00 resistance zone next if the $50.00 support area continues to hold downside attempts. Traders are likely to buy into any meaningful technical pullbacks towards the $47.00 support area this week in anticipation of further LTCUSD gains.
The LTCUSD pair is only bullish while trading above the $47.00 level, key resistance is found at the $55.00 and the $57.00 levels.
If the LTCUSD pair trades below the $47.00, sellers may test the $45.00 and $43.00 support levels.