Litecoin Price Prepares a Jump to $100!LTC price shows an inverted head and shoulder pattern with a neckline at $68.
The uptrend faces resistance from the 50-day EMA.
A breakout above $68 could lead to a 40% jump to $100.
Bearish dominance at the $68 zone has led to multiple breakout attempts.
Lower high formations persist due to a dominant resistance trendline.
Death cross in the daily chart hampers bullish momentum.
Current LTC price is $66.55 with an intraday growth of 0.83%.
DMI indicator shows a falling ADX line, indicating low momentum.
Bullish turnaround in DI lines suggests a high possibility of an upside breakout.
Sustaining above the 50-day EMA is critical for LTC's recovery rally.
Resistance at $80 could be a hurdle before reaching $100.
A downtrend could break the $60 level and test support at $50.