Litecoin technical analysis: LTC/USD looking at making a firm attempt to break through early $120 region, where many barriers sit

• Litecoin price up over 2% on Thursday, as it retains upside momentum, with eyes on a breakout of the recent range.
• LTC/USD is heading for its first week of gains in 3 weeks, up around 6% so far.
• 100MA on the 30-minute chart, has been of assistance in terms of support, during the dips this session.

LTC/USD 30-minute chart

Spot rate:                                     119.89

Relative change:               +2.33%

High:                                                       121.00

Low:                                                       116.35

Trend:                                                   Bullish/Neutral

Resistance 1:                           120.70, (resistance on 30-minute chart)

Resistance 2:                           121.00, session high.

Resistance 3:                           122.05, descending trend line ahead.

Support 1:                                   119.30, 100MA.

Support 2:                                     118.00, 50MA

Support 3:                                     114.45, 30th May low.