Litecoin technical analysis: LTC/USD price is vulnerable within a bearish pennant
|- Litecoin price on Friday is trading in the green, up some 2.40%.
- LTC/USD price action is moving within consolidation mode, having formed a bearish pennant structure.
- A retest of the breached daily pennant structure, which the bears forced a way out of last week.
Spot rate: 75.20
Relative change: +2.40%
High: 76.03
Low: 72.51
LTC/USD daily chart
- Price action moving within a bearish pennant structure, subject to a breach.
LTC/USD 60-minute chart
- Price action breaks out from a descending wedge structure, leaving door open to some buying momentum.
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