Litecoin technical analysis: LTC/USD bulls fail to breakdown game-changing barrier at $80


  • Litecoin price on Thursday is trading in negative territory by 4.10% in the second half of the session. 
  • LTC/USD bulls took a large set up after failing to break down supply heading into $80.
  • If the bulls were to have another attempt at trying to breakdown $80, it could open the door for a $100 price return. 

 

Spot rate:                  74.53

Relative change:      +4.55%

High:                         77.79

Low:                          72.67

 

LTC/USD daily chart

  • Price action via the daily chart view is being capped to the upside by supply heading into the $80 price territory. 

LTC/USD 15-minute chart

  • Near-term price action has broken out from a bearish flag structure, subject to a retest. 

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