Litecoin is on the rise above the $160.00 level this morning as the increasingly popular cryptocurrency follows Ethereum and other top altcoins higher. Technical analysis highlights that the LTCUSD pair could target the $200.00 level while the price holds above $145.00. In the near-term, the $180.00 and $183.00 levels present the strongest forms of upcoming resistance.
The LTCUSD pair is only bullish while trading above the $145.00 level, key resistance is found at the $183.00 and the $200.00 levels.
If the LTCUSD pair trades below the $145.00, sellers may test the $130.00 and $120.00 support levels.