Litecoin Price Surges Over 10% to Above $105 as Upward Momentum Builds

• Litecoin price is up over 10% and trading above $105 against the US Dollar. LTC could continue to rise toward the $120 resistance zone.

• There is a key bullish trend line forming with support at $101.50 on the LTC/USD 4-hour chart.

• If LTC breaks above the $115 resistance, the price could start another strong increase towards $120 and $122 levels.

• Initial support on the downside is near the $105 level. The next major support is forming near the $100 level.

• Key technical indicators like 4-hour MACD and RSI are showing bullish momentum in favor of LTC.