Litecoin Technical Analysis: LTC/USD bears failed to go in for the kill

  • Litecoin price into the second half of the session on Friday was holding decent gains of some 1.60%. 
  • LTC/USD bulls to extend run higher after a strong breakout to the upside from a range-block formation. 
  • Chunky sellers continue to be a problem for LTC progression within the $60 region. 

 

Spot rate:                 59.77

Relative change:      +1.60%

High:                        59.78

Low:                         59.55

 

Trend:                       Bullish

 

LTC/USD 60-minute chart

  • The bulls are attempting again to breakdown the supply within the early $60 price region. 

LTC/USD daily chart

  • Bullish flag pattern is still eyed via the daily time frame, subject to a breakout to the north. 

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