Hello, welcome to this LTC/USD update by CRYPTO SANDERS.

CHART ANALYSIS:-Litecoin (LTC) surged to a nine-month high on Wednesday, as prices rose past a key resistance level.

LTC/USD hit a peak of $97.73 earlier in today’s session, less than 24 hours after trading at a low of $93.05.

As a result of the surge, litecoin rose to its strongest point since May 5, when prices were at a high of $106.86.

Looking at the chart, the move took place following a breakout of a ceiling at $95.50 and came as the relative strength index (RSI) collided with a resistance of its own.

As of writing, the index is tracking at 65.96, which is marginally below a resistance level of 66.00.

Since approaching this point, earlier gains have somewhat declined, with LTC now trading at $95.58.

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