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Litecoin technical analysis: LTC/USD bullish pennant subject to a breakout

  • Litecoin price on Friday is trading in positive territory, up some 1.8%.
  • LTC/USD price action is moving within bullish pennant pattern, subject to a breakout.
  • Conditions have been narrowing greatly over the last ten sessions.
Litecoin technical analysis: LTC/USD bullish pennant subject to a breakout
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 137.93

Relative change:      1.90%

High:                        141.76

Low:                         135.47

LTC/USD 60-minute chart

  • Price action is moving  within an ascending channel via the 60-minute chart view. 

LTC/USD daily chart

  • Bullish pennant structure remains subject to a potential breakout from the bulls. 

Author

Ken Chigbo

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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