Litecoin (LTC) Testing $100 Again

– After support found around the $78 value area, Litecoin is now testing a return to $100.

– Near term resistance needs to be broken before

Litecoin (LTC) returns to the $100 area

Litecoin testing a breach of $100.

As the broader cryptocurrency market is showing signs of recovery – and possibly a new bull phase, Litecoin is again testing the key $100 value area. The 6/8th inner harmonic is at 98.81. This is a natural and powerful pivot where we often see prices rejected from moving through it. It was first tested as support back on July 10th, 2019. The 6/8th harmonic pivot held as a support zone until prices eventually dropped below on July 13th, 2019. Litecoin then shaved almost 25% of its value by dropping down to the 75.70 value area before finding support. What is interesting about that down move was that price moved below the 4/8th inner harmonic at 85.13 without really…