Litecoin technical analysis: LTC/USD making strong progress for $100 reclaim

FX Street

Updated: 31 Jul. 2019 | 18:07

Litecoin price on Wednesday is one of the outperformers holding gains of over 6.5%.
LTC/USD price action is showing strong signs of upside momentum, as it looks to reclaim $100 mark.
Bulls are making good way push to escape a bearish technical set up.

Spot rate: 96.20

Relative change: +6.50%

High: 96.97

Low: 90.03

LTC/USD 60-minute chart

A barrier of resistance can be seen heading into $100, tracking around $97-98 range.

LTC/USD daily chart

LTC/USD taking decent strides towards an escape from a bearish pennant set up.

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