LTC/USD bulls need to smash through key barrier again for $100 reclaim

Fibo Quantum

  • Litecoin price on Wednesday towards the end of the day is holding gains of over 2%.
  • LTC/USD next major challenging is getting back above $100, which has not been seen since June 2018.

 

The Litecoin price in the latter part of trading on Wednesday is trading in positive territory, up some 2%. Bulls returned across the crypto market today after a brief period of cooling has been seen over the last three sessions.

LTC/USD from 2nd April to 6th April was the price was enjoying a decent run to the north. The bulls managed five consecutive sessions in the green, having gained some 60% in that very short trading period.

Technically, the bulls must once again try to breakdown resistance tracking from $90.00 up to 95.00. It can then allow for another shot at reclaiming the $100 price mark. LTC/USD has not traded up at these heights since June 2018.

LTC/USD weekly chart