Litecoin Technical Analysis: LTC/USD bullish pennant breakout eyed

• Litecoin price on Monday is trading up with very minor negative territory, nursing losses of just some 0.40%.
• LTC/USD price action via the daily chart view has formed a bullish technical structure, pennant subject to a potential breakout higher.  
• The bulls still have their sights on a retest of the big psychological $100 price territory.  

Spot rate:                   77.08

Relative change:       -0.40%

High:                          78.22

Low:                           75.54

LTC/USD 60-minute chart

• 60-minute chart view shows the price is consolidating currently, moving within a broadening wedge pattern.  

LTC/USD daily chart

• LTC/USD is moving within the confinements of a bullish pennant pattern, subject to a breakout higher.