Home Litecoin technical analysis: LTC/USD may have trouble reclaiming $100 mark again

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Litecoin technical analysis: LTC/USD may have trouble reclaiming $100 mark again

FX Street

Updated: 23 Jul. 2019 | 17:32

Liitecoin price is trading in the red, down over 5% the session on Tuesday.
LTC/USD sees a huge barrier now built up around the $100 price territory.
The above noted demand zone has historically proven to attract decent buying momentum.

Spot rate: 0.3095

Relative change: -4.25%

High: 95.16

Low: 88.46

LTC/USD 60-minute chart

Price action stuck within a descending channel structure, driving the price south.

LTC/USD daily chart

Big supply now seen at $100 price territory, very problematic for bull hopes.

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