Litecoin technical analysis: LTC/USD narrowing price action could be a warning from the bears

• Litecoin price is trading in negative territory, nursing losses of some 0.50% on Friday.
• LTC/USD price action is narrowing, subject to potential explosive breakouts.  
• The price is moving within a bearish pennant via the daily, as seen with some of its peers.  

Spot rate:                  92.94

Relative change:       -0.50%

High:                          94.28

Low:                           90.21

LTC/USD 60-minute chart

• Price action is narrowing within a triangular structure via the 60-minute view.  

LTC/USD daily chart

• There are bearish pennant structure’s seen across the market, cooking up further potential drops.