Litecoin is attempting to push higher alongside the broader cryptocurrency market on Wednesday after the $40.00 support level held firm. Technical analysis shows that LTCUSD bulls may test towards the $58.00 level if the $50.00 resistance level is overcome. Overall, the LTCUSD pair may need a strong rally in the altcoin space to encourage traders to buy a breakout above the $50.00 level.
The LTCUSD pair is only bullish while trading above the $42.00 level, key resistance is found at the $50.00 and the $58.00 levels.
If the LTCUSD pair trades below the $42.00, sellers may test the $40.00 and $37.00 support levels.
