Litecoin (LTC) continuing to spike higher up a chunky 17% - highest since July 2018
- Litecoin on Wednesday has jumped another 17% to the highest levels seen since July 2018.
- LTC/USD bulls will be gunning for that big psychological $100 price mark.
The Litecoin price in the latter part of trading on Wednesday is holding some big gains of 17%, as the bulls aggressively extend to the upside. LTC/USD has rallied to its highest level seen since July 2018, as the bulls’ gun for $100.
LTC/USD on Tuesday started a huge bull run, having gained a whopping 28% in the session, now the buyers are further piling in. The range-breakout was observed after narrowing greatly throughout the month of March.
There is a near-term supply area which runs from $90 up to the $95 territory, this is very much the last major barrier ahead of a $100 price return. LTC/USD has not traded up at these heights of $100 since June 2018.
LTC/USD daily chart
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
