Litecoin Price Analysis: LTC/USD bulls revive but but break above deadly evening star
|- Litecoin price is trading in positive territory by 3.20% in the session on Tuesday.
- LTC/USD produced a daily evening star formation in the session of 9 February.
- A bearish closed was observed on Monday, as a follow on from the noted evening star.
LTC/USD daily chart
The price hit a strong barrier of resistance ahead of $80, a top area seen in September 2019.
LTC/USD 60-minute chart
Price action managed to break free from a bearish pennant structure, inviting further upside pressure.
Spot rate: 73.29
Relative change: +3.20%
High: 76.82
Low: 72.54
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.