The $103 has been a key resistance level in February, preventing further upward LTC movement. LTC consolidated in the $103 – $90.7 range throughout February but broke the sideway structure on 3 March after bears breached the $90.7 support.
Long-term bulls must defend the $81.89 support to keep bears off the market. The next hurdle for bulls would be the 100-day EMA to enable them to reach the target of $90.7.
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