The Litecoin Prize wins upward momentum over $ 165 against the US dollar. LTC / USD broke a lot of resistance and is currently monitoring additional gains.
Key Talking Points
The Litecoin Prize finally made an upward move and broke $ 165 resistance (data supply of Kraken) against the US dollar.
There was a break over a major bearish trend line with a resistor of $ 159 on the timetable for the LTC / USD pair.
The pair is now well positioned above the $ 165 level and it seems to get further momentum. The most important support, however, is almost $ 165. The $ 165 level was a resistance earlier, and now it could act as a support.
Overall, the latest upward pause was positive over the $ 165 level. LTC / USD could correct lower in the short term, but it will likely resume its rising amount of over $ 190.
@tradewonk