Litecoin Price Analysis: LTC/USD successful breakout and retest of bullish pennant

  • Litecoin price is trading in negative territory by 0.20% in the session on Friday. 
  • LTC/USD bulls are driving north, running at three consecutive sessions in the green. 
  • The bulls managed to breakout and retest of a pennant structure, leaving the door wide open. 

 

LTC/USD weekly chart

The price is heading for its second consecutive week in the green, as the bulls take aim at $100. 

LTC/USD daily chart

Bulls are now attempting to tackle and break down the $75-80 territory. 

 

Spot rate:                73.29

Relative change:    -0.20%

High:                        75.40

Low:                         72.76

 

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