Ken Chigbo
Independent Analyst
- Litecoin price is trading in positive territory by 3.20% in the session on Wednesday.
- LTC/USD is breaking out of a temporary four range, a period of consolidation that was seen.
- A barrier can be observed at $80, the high of 18 September, before sellers kicked in.
LTC/USD daily chart
The bulls are storming ahead, a strong surge in upside momentum, after being capped by resistance at $78.
LTC/USD 60-minute chart
Price action formed a double-bottom area at $77.75, the neckline observed at $79.50.
Spot rate: 79.89
Relative change: +3.20%
High: 79.94
Low: 76.75
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