Ken Chigbo
Independent Analyst
- Litecoin price is trading in positive territory by 8.20% in the session on Wednesday.
- LTC/USD bulls are back in control following three sessions of cooling.
- The price can see a very fast return back into $100 if momentum is maintained.
LTC/USD daily chart
The next major barrier area for the bulls to break down is the $75-80 territory.
LTC/USD 60-minute chart
Price action has extended to the upside, breaking out from a bullish flag structure, inviting fresh buying momentum.
Spot rate: 73.27
Relative change: +8.20%
High: 73.44
Low: 67.53
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