Litecoin technical analysis: LTC/USD jumps over 40% in just five days
|- Litecoin price in the second half of the session on Monday is trading up with chunky gains of 5%.
- LTC/USD bulls are running at their fifth consecutive session of gains, over 40% within the period.
- Price action was moving within a narrowing triangular structure, the bulls forced an aggressive escape from its confinements.
Spot rate:
Relative change: +5.32%
High: 118.96
Low: 111.48
LTC/USD 60-minute chart
- Price action has broken out from a bullish pennant pattern formation, inviting another wave of buying pressure.
LTC/USD daily chart
- The bulls are running at five consecutive sessions with gains, over 40%, as the price maintains its strong recovery.
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