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Litecoin Price Analysis: LTC/USD bulls revive but but break above deadly evening star

FX Street

Published date: 11 Feb. 2020 | 17:12

Litecoin price is trading in positive territory by 3.20% in the session on Tuesday.
LTC/USD produced a daily evening star formation in the session of 9 February.
A bearish closed was observed on Monday, as a follow on from the noted evening star.

LTC/USD daily chart

The price hit a strong barrier of resistance ahead of $80, a top area seen in September 2019.

LTC/USD 60-minute chart

Price action managed to break free from a bearish pennant structure, inviting further upside pressure.

Spot rate: 73.29

Relative change: +3.20%

High: 76.82

Low: 72.54

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