LTC/USD Technical Analysis: Bulls looking to retest the $90 mark.

• LTC/USD had a bullish opening this Friday as the price went up from $85 to $86.20.

LTC/USD daily chart

• The bulls will want to aim for the $90 resistance level again.
• The three latest sessions look suspiciously like a potential evening star pattern, which is a bearish sign. However, if the latest candlestick remains bullish then it will negate that indicator.
• The MACD indicator shows increasing bullish momentum.
• The relative strength index (RSI) indicator curve is currently trending inside the overbought zone.

LTC/USD 4-hour chart

• The 4-hour LTC/USD chart shows that the market found support on the upward trending line.
• The chart shows a potential head and shoulders pattern, which means more upside is expected.
• Narrowing of the 20-day Bollinger band shows decreasing market volatility.
• The Elliot Wave Oscillator shows decreasing bearish momentum.

LTC/USD hourly chart

• The SMA 50 curve has crossed over with the SMA 20 curve which is a bearish signal. The latest session has managed to overtake this convergence of curves.
• The price currently has charted a bullish flag formation and a breakout is expected.
• The short-term target for bulls in the hourly chart will be the $88 level.