Litecoin technical analysis: LTC/USD bears pressing for pennant retest
|- Litecoin price is trading in the red, with losses of 4.30% the session on Thursday.
- LTC/USD daily price action is heading for a retest of a breached bull pennant.
- Critical support is eyed around the $60 price mark via the daily.
LTC/USD daily chart
Bulls managed to break out to the upside from a bullish pennant structure on Monday, with a retest at present eyed.
LTC/USD 60-minute chart
Price action has breached an hourly demand zone, retest in play at the time of writing.
Spot rate: 61.45
Relative change: -4.25%
High: 64.28
Low: 60.22
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