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Litecoin Price Analysis: LTC/USD bulls are making solid progress for a $100 return

  • Litecoin price is trading in positive territory by 1.45% in the session on Friday. 
  • LTC/USD has lost some pace from the recent momentum north, critical support should be noted at $77. 
  • The big $100 price mark is very much within reaching distance for the bulls. 
Litecoin Price Analysis: LTC/USD bulls are making solid progress for a $100 return
Ken ChigboKen ChigboIndependent Analyst

LTC/USD weekly chart

The LTC bulls are running at three straight weeks in the green, rising from $55 up to the recent high area at $84. 

LTC/USD daily chart

The price has been forced to retest $77 for support, a level that had capped the price from 8-11 February. 

Spot rate:                81.89

Relative change:    +1.45%

High:                        82.62

Low:                         78.58

Author

Ken Chigbo

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.

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