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Litecoin technical analysis: LTC/USD bullish pennant breakout as price jumps over 2%

  • Litecoin price is one of the outperformers in comparison to the rest of the market, trading in minor positive of 0.30%.  
  • LTC/USD range-breakouts are eyed, penannt structure eyed via the 60-minute.  
  • A surge of upside momentum seen in the latter part of trading on Tuesday, after a range-bound session.  

 

Spot rate:                  133.52

Relative change:       +3.55%

High:                         398.04

Low:                          378.85

 

LTC/USD 60-minute chart

  • Bulls smash out from a bullish penannt structure seen via the 60-minute chart view.  

 

LTC/USD weekly chart

  • Next major demand zone is eyed up around the $170-180 price range, last traded up here in May 2018.  

 

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