Litecoin is gaining traction above the $ 200.00 level as cryptocurrencies start to recover, following the early-week pullback. The Williams Alligator indicator, which is a key trend based indicator, shows that the bullish trend on the daily time frame remains in place with the LTCUSD pair trades above the $ 185.00 level. A technical breakout above the $ 230.00 level could cause the LTCUSD pair to rally towards the $ 250.00 resistance level.
The LTCUSD pair is only bullish while trading above the $ 185.00 level, key resistance is found at the $ 230.00 and the $ 250.00 levels.
If the LTCUSD pair trades below the $ 185.00, sellers may test the $ 155.00 and $ 135.00 support levels.