Ken Chigbo
Independent Analyst
- Litecoin price on Thursday is outperforming, trading in positive territory up some 4.10%.
- LTC/USD bulls making good progress towards breaking out of a bullish pennant pattern formation.
- Next major target for the bulls will be another attempt at the $100 mark.
Spot rate: 84.50
Relative change: +6.50%
High: 83.72
Low: 79.31
LTC/USD 15-minute chart
- Price action breaking out to the upside, jumping some 5% within one fast move in recent trading.
LTC/USD daily chart
- Price action continues to move within a bullish pennant pattern formation, subject to breakout higher.
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