Litecoin technical analysis: LTC/USD does not have momentum to break back above $100 mark at present

• Litecoin is trading in positive territory, holding gains of some 1.80% in the second half of Wednesday.
• LTC/USD remains vulnerable underneath the psychological $100 price mark.  
• The bulls managed to smash out from a channel formation, which could also be perceived as a flag.  

Spot rate:                   91.98

Relative change:       +1.60%

High:                          97.33

Low:                           86.74

LTC/USD 60-minute chart

• Bulls broke out of a descending channel structure, which the price is retesting at the time of writing.  

LTC/USD daily chart

• A chunky price barrier remains at the $100 mark, vulnerability for LTC below.