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Litecoin Technical Analysis: LTC/USD bulls are set to conquer the big $100 again

  • Litecoin price Monday is trading with gains of around 4.0% in the latter stages of the session. 
  • LTC/USD has been running higher since the bullish flag breakout which triggered on April 30. 
  • The bulls are attempting to break down the $100 price area, which remains somewhat stubborn. 

 

Spot rate:                  89.03

Relative change:      +3.95%

High:                         92.84

Low:                          84.30

LTC/USD 60-minute chart

  • Price action via the 60-minute chart is moving within a bullish flag pattern formation, subject to an extended move to the upside. 

LTC/USD daily chart

  • A chunky barrier of supply can be observed heading into the $100 price territory. 

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