Litecoin technical analysis: LTC/USD major barrier at $120 needs to be broken for greater gains
|- LItecoin price is trading with gains of over 4% in the second part of the session on Friday.
- LTC/USD bulls trying to break down heavy daily supply around the $120 territory.
- Anticipation heading into the Litecoin halving appears to be driving some momentum, it is happening in some 60 days.
Spot rate: 116.36
Relative change: +4.45%
High: 116.42
Low: 109.95
LTC/USD 60-minute chart
- The significance of the $120 price territory can be seen clearly via the 60-minute view.
LTC/USD daily chart
- Price action via the daily is resting a critical area of supply up at $120, a break could invite a stronger wave of buying pressure.
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