LTC/USD does not have momentum to break back above $100 mark at present

Fibo Quantum

  • Litecoin is trading in positive territory, holding gains of some 1.80% in the second half of Wednesday.
  • LTC/USD remains vulnerable underneath the psychological $100 price mark. 
  • The bulls managed to smash out from a channel formation, which could also be perceived as a flag. 

 

Spot rate:                  91.98

Relative change:      +1.60%

High:                         97.33

Low:                          86.74

LTC/USD 60-minute chart

  • Bulls broke out of a descending channel structure, which the price is retesting at the time of writing. 

 

LTC/USD daily chart

  • A chunky price barrier remains at the $100 mark, vulnerability for LTC below.