Litecoin technical analysis: LTC/USD bulls retesting breached bearish pennant structure

Litecoin price on Wednesday is trading in positive territory by 3.80% in the second half of the session.
LTC/USD upside is going to be heavily capped by a strong prior support zone seen at $70. Market bulls faced a rejection here in session on Tuesday.
The bulls are retesting a breached pennant structure, which at present continues to contain the price.

Ken Chigbo Independent Analyst

Spot rate: 67.29

Relative change: +3.70%

High: 69.38

Low: 66.64

LTC/USD daily chart

The bulls were dealt with rejection, after attempting to retest the broken down critical support at $70.

LTC/USD 60-minute chart

Price action has smashed out to the downside from a rising channel formation, making way for further selling pressure.

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.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe recover, echoing Bitcoin rebound

Dogecoin, Shiba Inu, and Pepe are trading mixed as Bitcoin records minor gains on Monday, warming sentiment across the broader cryptocurrency market. Still, the incipient recovery in Dogecoin, Shiba Inu, and Pepe remains fragile amid the prevailing downtrend.