LTC/USD bulls losing some ground in final barrier ahead of $10,000

Fibo Quantum

  • Litecoin price Wednesday is trading in positive territory up over 2% in the second part of the day. 
  • LTC bulls near-term price action is consolidating, having formed a bullish pennant subject to a breakout. 
  • Bulls are breaking down the barrier seen just ahead of $100 price territory. 



Spot rate:                  93.21

Relative change:      +2.0%

High:                         95.15

Low:                          90.81

LTC/USD 60-minute chart

  • The price via the 60-minute chart view is moving within consolidation mode, as the price narrows pending next move. A near-term bullish pennant can be eyed via the 60-minute view. 

LTC/USD daily chart

  • Bulls trying to breakdown the minor barrier ahead of a $100 return, much support seen below with an ascending trend line via the daily.