Litecoin Technical Analysis: LTC/USD has big barrier ahead in the way of greater upside
|- Litecoin price is trading in the green in the session by some 0.60%.
- LTC/USD has managed to find some firmer footing, after falling to 10-month lows last week.
- The bulls is retesting a critical area of prior support, which cushioned the price from 22 Nov - 15 Dec.
LTC/USD daily chart
A critical area of resistance should be noted at the range of $42-45, as mentioned above a former acting area of support.
LTC/USD 60-minute chart
Price action is narrowing within a potential pennant structure, subject to a breakout north.
Spot rate: 42.20
Relative change: +0.60%
High: 42.59
Low: 41.70
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