Litecoin has staged a strong recovery over the weekend, with the LTCUSD pair rallying back towards the $80.00 resistance level. Technical analysis shows that LTCUSD bulls may buy into a price dip towards the $70.00 level in expectation another rally. Traders that are bearish towards the LTCUSD pair may sell the pair in expectation of a major sell-off towards the $60.00 support region.
The LTCUSD pair is only bullish while trading above the $75.00 level, key resistance is found at the $80.00 and the $90.00 levels.
If the LTCUSD pair trades below the $75.00, sellers may test the $70.00 and $60.00 support levels.