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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.

Ken Chigbo Independent Analyst

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.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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