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Litecoin Price Analysis: LTC/USD bulls have smashed out of a pennant structure

FX Street

Updated: 6 Feb. 2020 | 18:27

Litecoin price is trading in positive territory by 1.20% in the session on Thursday.
LTC/USD bulls are driving north, running at two consecutive sessions in the green.
A brief consolidation period has been followed up with an explosive breakout.

LTC/USD daily chart

The next major barrier area for the bulls to break down is the $75-80 territory.

LTC/USD 60-minute chart

Two bullish flag breakouts have been seen via the 60-minute chart view, allowing for greater upside momentum.

Spot rate: 73.38

Relative change: +1.20%

High: 74.99

Low: 70.96

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