Litecoin Technical Analysis: LTC/USD must hold above $57 for big gains north
|- Litecoin price on Wednesday trading up with gains of some 3.15% in the second half of the session, outperforming several of its peers.
- LTC/USD price action via the daily continues to move within a bullish pennant structure.
- Bulls managed to extend to the upside breaking out from a descending channel formation.
Spot rate: 0.3061
Relative change: +1.45%
High: 0.3104
Low: 0.3003
Trend: Bullish
LTC/USD 60-minute chart
- Big bull action sees price smash out to the upside from a descending channel formation.
LTC/USD daily chart
- Daily price action continues to move within a bullish pennant pattern formation.
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