Litecoin [LTC] struggles to break above $100, here’s why

Litecoin has seen large volatility in 2023, but while many altcoins reversed their former downtrend, LTC remained stuck within a range. At the time of writing, it was trading just beneath the $100 zone of resistance. The $105 region highlighted a bearish order block on the daily timeframe formed in May 2022. At the time of writing, the indicators showed neutral momentum and some buying pressure in the past month, but was it enough to effect a breakout past $105?