BITFINEX:LTCUSD   Litecoin / U.S. Dollar
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.
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Tradewonk afreet77
@afreet77, My pleasure
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