Litecoin Price Analysis: LTC/USD Breaks Key Resistance

Litecoin price is gaining upside momentum above $165 against the US Dollar. LTC/USD broke a major resistance and is currently eyeing further gains.

Key Talking Points

Litecoin price finally made an upside move and broke the $165 resistance (Data feed of Kraken) against the US Dollar. There was a break above a major bearish trend line with resistance at $159 on the hourly chart of the LTC/USD pair.

The pair is now placed nicely above the $165 level and it looks set to gain further...

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