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Litecoin Price Analysis: LTC/USD on the highway to $100

  • Litecoin price is trading in positive territory by 3.20% in the session on Wednesday. 
  • LTC/USD is breaking out of a temporary four range, a period of consolidation that was seen. 
  • A barrier can be observed at $80, the high of 18 September, before sellers kicked in. 
Litecoin Price Analysis: LTC/USD on the highway to $100
Ken ChigboKen ChigboIndependent Analyst

LTC/USD daily chart

The bulls are storming ahead, a strong surge in upside momentum, after being capped by resistance at $78. 

LTC/USD 60-minute chart

Price action formed a double-bottom area at $77.75, the neckline observed at $79.50. 

Spot rate:                79.89

Relative change:    +3.20%

High:                        79.94

Low:                         76.75

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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