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Litecoin’s Comeback: Breaks Back Above $100 Following 14% Price Surge

Litecooin saw a significant rebound today, allowing the price of the cryptocurrency to sail above the $100 level. Litecoin has increased by a total of 14% over the past 24 hours of trading, bringing the price up to $101.83. The cryptocurrency has now seen a price hike of 30% over the past 30 days and a further 103% price increase over the past 90 trading days.

At press time, Litecoin is trading at the 2019 high day close price of $101 and currently faces strong resistance. The crypto asset is now ranked 5th among the top cryptocurrency market cap rankings, holding a $6.24 billion market cap value on CoinMarketCap at time of publication. 

Looking at the LTC/USD 1-Day Chart:Against USD, we can see Litecoin has now surged into resistance at the $101 level, provided by a long term bearish…

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