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LTCUSD BULLISH BIAS INTACT ABOVE $63.30

BITFINEX:LTCUSD   Litecoin / Dollar
The LTCUSD pair has gained close to five percent at the start of the month so far, after performing a technical break above key resistance. Litecoin, the seventh largest cryptocurrency by market capitalization retains its short-term bullish bias while trading above the $63.30 level. A correction lower may occur at some point, as the MACD indicator is currently showing negative price divergence on the four-hour time frame.

The LTCUSD pair is intraday bullish while trading above the $63.30 level, key resistance is found at the $68.00 and $70.80 levels.

If the LTCUSD pair moves below the $63.30 level, sellers will likely test towards the $62.00 and $60.00 support levels.
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