Litecoin technical analysis: LTC/USD bulls breaking down $80 could open the door to a fresh wave of buying pressure
|- Litecoin price on Wednesday is trading in positive territory by 4.55% in the second half of the session.
- LTC/USD bulls are back into play, as price breaks down barrier seen at the round psychological $70 mark.
- Bulls will need to breakdown $80 for greater buying momentum to come into play.
Spot rate:
Relative change: +4.55%
High: 77.99
Low: 74.16
LTC/USD daily chart
- Price action via the daily chart view is running at its third consecutive session in the green, after breaking down key resistance at $70.
LTC/USD 60-minute chart
- A near-term wave of buying pressure has been seen, following a breakout from a small narrowing triangular structure.
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