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Litecoin Technical Analysis: LTC/USD bulls are set to conquer the big $100 again

  • Litecoin price Monday is trading with gains of around 4.0% in the latter stages of the session.  
  • LTC/USD has been running higher since the bullish flag breakout which triggered on April 30.  
  • The bulls are attempting to break down the $100 price area, which remains somewhat stubborn.  

 

Spot rate:                   89.03

Relative change:       +3.95%

High:                          92.84

Low:                           84.30

LTC/USD 60-minute chart

  • Price action via the 60-minute chart is moving within a bullish flag pattern formation, subject to an extended move to the upside.  

LTC/USD daily chart

  • A chunky barrier of supply can be observed heading into the $100 price territory.  

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