Litecoin (LTC) has formed a support base above the $95 level against the US Dollar, and is now trading above $98 and the 100 simple moving average (4 hours). A key bullish trend line is forming with support near $100 on the 4-hour chart of the LTC/USD pair, and immediate resistance is near the $103 zone, with the next major resistance near the $105 level. If there is a clear break above the $105 resistance, the price could continue higher toward the $112 and $115 levels. However, if LTC fails to clear the $105 resistance level, there could be a downside correction, with initial support on the downside near the $100 level and the trend line. The next major support is forming near the $98 level or the 76.4% Fib retracement level, below which there is a risk of a move toward the $95 support. Technical indicators show bullish momentum gaining pace in the MACD and the RSI above the 50 level. (newsbtc)