Litecoin technical analysis: LTC/USD big pennant pattern retest eyed
|- Litecoin price is trading in the green in the session by some 7.45%.
- LTC/USD heading for the next critical weekly support down at $20.
- The bears have firmly been in control since June, after putting an end to the 2019 recovery.
LTC/USD weekly chart
The bears are pressing for a full reversal of the early 2019 price bull run, where LTC had set out for recovery.
LTC/USD daily chart
Consecutive selling has been observed since the smashing out of a bearish pennant structure via the daily. Eyes are on a retest of the breached daily mentioned pattern.
Spot rate: 39.79
Relative change: +7.45%
High: 40.02
Low: 35.98
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