- Litecoin surges 4.5% during afternoon trading on Thursday, after starting the session in negative territory.
- LTC/USD bounces off support seen at the lower part of an ascending channel via the 15-minute chart.
- Market bulls are gunning for a firm reclaim and push back above $100 mark.
LTC/USD 15-minute chart
Spot rate: 99.63
Relative change: +6.60%
Resistance 1: 100.30, (resistance on 15-minute chart)
Resistance 2: 108.25, 12th June high.
Resistance 3: 114.33, 10th June high.
Support 1: 97.75, previous supply zone, now potential support.
Support 2: 96.00, 50MA.
Support 3: 94.66, 100MA, lower trend line of channel.