Litecoin is starting to appear more bullish in the short-term as positive trading sentiment spreads through the broader cryptocurrency market. A breakout above the $44.00 level could encourage LTCUSD bulls to rally the cryptocurrency pair towards the $50.00 area. A sustained breakout above the $50.00 resistance level may see the LTCUSD pair advancing towards the $60.00 level.
The LTCUSD pair is only bullish while trading above the $44.00 level, key resistance is found at the $50.00 and the $55.00 levels.
If the LTCUSD pair trades below the $44.00, sellers may test the $40.00 and $38.00 support levels.
