Litecoin Price Prediction: LTC/USD bulls flip the bears as the trajectory to $100 takes shape

Litecoin bulls focus on breaking the nest resistance at $80 amid building bullish momentum.
Bulls hold on to the throttle even as the RSI returns into the overbought region.

Spot rate: $79.09

Relative change: 3%

Volatility: High

Trend: Bullish

Percentage change: 2.31

LTC/USD daily chart

Litecoin price is galloping towards $80 key resistance. The rejuvenated bullish momentum is in tandem with the bullish wave across the market. Major assets such as Bitcoin, Ethereum and Ripple are posting sizeable gains on Wednesday. Besides, the 50SMA is closing in on the 200-day SMA in a bid to show that the bulls have more influence over the price.

On the other hand, the formation of a rising wedge pattern suggests that Litecoin could soon hit the reverse gears especially if the resistances at $80 and $100 are not cleared in due time.

LTC/USD 2-hour chart

Litecoin bullish action is digging deeper into the Bollinger band's upper curves after defending the support at $70. The RSI is making a comeback into the overbought region, further encouraging the buyers to increase their entries.

LTC/USD

Overview
Today last price	79.1249
Today Daily Change	2.3058
Today Daily Change %	3.00
Today daily open	76.8191

Trends
Daily SMA20	66.776
Daily SMA50	55.6352
Daily SMA100	52.7258
Daily SMA200	61.1922

Levels
Previous Daily High	77.5046
Previous Daily Low	72.5436
Previous Weekly High	75.4068
Previous Weekly Low	66.6241
Previous Monthly High	70.0854
Previous Monthly Low	38.7677
Daily Fibonacci 38.2%	75.6095
Daily Fibonacci 61.8%	74.4387
Daily Pivot Point S1	73.7403
Daily Pivot Point S2	70.6614
Daily Pivot Point S3	68.7792
Daily Pivot Point R1	78.7013
Daily Pivot Point R2	80.5835
Daily Pivot Point R3	83.6624

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