The post LTC Price Analysis: Will Litecoin Trigger A Jump To $100? appeared first on Coinpedia Fintech News
Within the lateral movement of Litecoin, the LTC price trend faces bearish dominance at the $68 horizontal zone. With multiple breakout attempts, the price action shows an inverted head and shoulder pattern rising in the daily chart.
However, the bullish pattern faces multiple bearish oppositions that might delay or reverse the triggering of the breakout rally.
With a dominant resistance trendline in motion, the LTC price trend remains under bearish control, leading to lower high formation. Following the sharp fall with the death cross in the daily chart, the Litecoin price struggles to get any notable bullish momentum.
Currently, with the recent price jump in support of the Uptober rally in the market, Litecoin challenges the overhead bearish stops. However, the 50-day EMA and the resistance trendline keep the bullish growth under check.
With buyers struggling to overc
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