Can the rate of LTC come back to the $100 mark soon? LitecoinLoyal cryptorecruitr LiteCoinFamily LTC SatoshiLite LitecoinMoses
On the local chart, the price is about to break the resistance at $90.15. If that happens, the accumulated strength might be enough for a move to test the $92 zone.
On the daily time frame, the rate of Litecoin has not decided yet which way to move as the price is trading in the middle of the channel, between the support at $85.58 and the resistance at $94.54.In this regard, ongoing consolidation in the area of $85-$95 is the more likely scenario for the next few days.
A better situation can be seen on the weekly chart, as the price is located closer to the resistance than to the support. If the rate can fix in the range of $90-$100, there is a chance to see a breakout, followed by a blast to the $110 mark.
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