Litecoin Technical Analysis: LTC/USD fails to build on momentum for $100 reclaim, back down to the south for now

• The Litecoin price failed to reclaim the $100 mark, as sellers jumped in at $99, down 1% on Wednesday.
• LTC/USD has been trading within a tight $6 range for the past five sessions.

LTC/USD 60-minute chart

Spot rate:                                     98.147

Relative change:               -0.80%

High:                                                     99.000

Low:                                                       95.182

Trend:                                                   Bearish

Support 1:                                  97.644, 50MA.

Support 2:                                    96.619, 100MA.

Support 3:                                    95.100, (support on 60-minute chart).

Resistance 1:                           99.000, supply zone.

Resistance 2:                          100.150, 61.8%.

Resistance 3:                           100.65, supply zone entry.