Litecoin technical analysis: LTC/USD bulls struggling to hold big $100 mark

• Litecoin price in the latter stages of trading of the day is holding strong gains of some 6.50%.
• LTC/USD is having some difficulty in holding the big $100 price mark.  
• A chunky area of supply is observed running from $100-105 price range.

Spot rate:                  98.98

Relative change:       +6.55%

High:                          106.86

Low:                           93.00

LTC/USD 60-minute chart

• Near-term price action subject to downside, eyes on the below tracking ascending trend line.

LTC/USD daily chart

• A daily bearish pennant structure continues to restrict price action.