Litecoin is on the move on Friday, with the increasingly bullish cryptocurrency testing towards the important $60.00 resistance level. A breakout above the $60.00 level could prompt a rally towards the $63.00 level, while failure around the $60.00 could see the pair sold heavily. Overall, dip-buying is likely to come into focus if the LTCUSD pair does fall back towards the $50.00 level.
The LTCUSD pair is bullish while trading above the $55.00 level, key resistance is found at the $60.00 and the $63.00 levels.
If the LTCUSD pair trades below the $55.00, sellers may test the $52.00 and $50.00 support levels.