Litecoin Technical Analysis: LTC/USD $100 barrier difficulties

Litecoin price Tuesday is trading positive territory towards the latter stages of trading in the session, gains of around 2%.
LTC bulls are having some problems breaking down chunky supply heading into the psychological $100 territory.
A near-term barrier as seen via the 60-minute view runs from $92-94 price range.

Ken Chigbo Independent Analyst

Spot rate: 89.53

Relative change: +2.10%

High: 94.02

Low: 86.66

LTC/USD 60-minute chart

Near-term problematic barrier observed from $92-94 price range, preventing a $100 return at present.

LTC/USD daily chart

Bulls are struggling to breakdown problematic supply heading into the $100 price territory.

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.

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