LTC/USD bullish pennant breakout eyed

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  • Litecoin price on Monday is trading up with very minor negative territory, nursing losses of just some 0.40%.
  • LTC/USD price action via the daily chart view has formed a bullish technical structure, pennant subject to a potential breakout higher. 
  • The bulls still have their sights on a retest of the big psychological $100 price territory. 

Spot rate:                  77.08

Relative change:      -0.40%

High:                         78.22

Low:                          75.54

LTC/USD 60-minute chart

  • 60-minute chart view shows the price is consolidating currently, moving within a broadening wedge pattern. 

LTC/USD daily chart

  • LTC/USD is moving within the confinements of a bullish pennant pattern, subject to a breakout higher. 

 

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