Litecoin Price Analysis: LTC/USD jumps to highest levels in almost four weeks following $50 breakthrough
|- Litecoin price is trading in positive territory by some 9.70% in the session on Tuesday.
- LTC/USD momentum has been very much to the upside since 18 December.
- A decent wave of buying pressure came into play following the $50 breakthrough.
LTC/USD daily chart
The bulls will be attempting to break down supply at the $55 price mark, should a breach be observed then further buying would be eyed.
LTC/USD 60-minute chart
Price action smashed out of a bullish pennant structure, inviting a fresh wave of upside momentum.
Spot rate: 48.20
Relative change: +9.70%
High: 57.63
Low: 49.56
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