Ken Chigbo
Independent Analyst
- Litecoin price is trading in positive territory by 3.35 % in the session on Wednesday.
- LTC/USD can see another strong wave of buyers once April highs are broken.
- The next major barrier to the upside should be noted at $47.50, $50 and then $62.
LTC/USD daily chart
Daily price action is edging out of a bullish flag structure, inviting further bull pressure.
LTC/USD 60-minute chart
A big bullish pennant breach to the upside allowed for further buying participation, inviting a strong wave of buyers.
Spot rate: 46.95
Relative change: +2.60%
High: 47.92
Low: 45.70
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