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  • Litecoin price is trading in positive territory by+7.80 % in the session on Wednesday. 
  • LTC/USD encountered explosive buying down at $38.50, an unexpected surge. 
  • The price managed to print fresh highs for the week, following the jump north. 

LTC/USD daily chart

The bulls will need to break back above the breached bear flag to void the downside bias. 

LTC/USD 60-minute chart

The buying came into play down at the lowest levels that were seen since 1 April, it very much came as a surprise and not even so much bouncing off any key support. 

Spot rate:               42.36

Relative change:  +7.80%

High:                      43.76

Low:                       37.98