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Litecoin Technical Analysis: LTC/USD one potential barrier away from $100 return

  • Litecoin price on Tuesday in the second half of the day has seen some big bull action, whopping gains of 15%. 
  • LTC/USD pushed to its highest levels seen since August 2018. 
  • There only appears to be one last barrier $70-75 region, ahead of a big push for a $100 retest. 
Litecoin Technical Analysis: LTC/USD one potential barrier away from $100 return
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 71.61

Relative change:      +18.01%

High:                        72.63

Low:                         60.852

LTC/USD 60-minute chart

  • Price action trading around levels not seen since August 2018, trying to breakdown resistance near-term resistance. 

LTC/USD daily chart

  • A small barrier around the $70-75 region and potentially at $90, but bulls have sights on a return to the psychological $100 mark. 

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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