Ken Chigbo
Independent Analyst
- Litecoin price in the second half of the session on Friday is trading firmly in positive territory, big gains of around 8%.
- LTC/USD smashed out from a descending wedge pattern formation/bull flag. leaving the door open to further gains.
- Bulls are locked in on the next major barrier up at the psychological $100 price mark.
Spot rate: 79.66
Relative change: +8.60%
High: 81.34
Low: 73.62
LTC/USD 60-minute chart
- A near-term pennant can be observed via the 60-minute chart view, as the price briefly consolidates ahead of further potential moves north.
LTC/USD daily chart
- Breakout from descending wedge formation/bull flag, room to push further north.
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