Litecoin extends Saturday’s rebound. $45.30 eyed amid a potential bull pennant formation. Golden cross pattern spotted on the hourly chart. The sixth most widely traded cryptocurrency, Litecoin (LTC/USD), with a market capitalization of $2.85 billion, is one of the top performers amongst the top 10 favorite digital assets so far this Sunday. The coin has resumed the recent bullish momentum, reversing Friday’s temporary correction. At the press time, LTC/USD is consolidating the latest uptick to 44.31 highs, up nearly 2% to trade around 44.10. LTC/USD 1-hour chart The price is trending higher but within a range inside a pennant formation, with the pole seen from 43.40 to 44.30. A bullish breakout would imply a continuation of the recent upbeat momentum, with 45.30, the pattern target on the buyers’ radar. The renewed upside in the spot gained traction after the 50-hourly Simple Moving Average (HMA) crossed the 200-HMA from below, charting a golden cross pattern. Also, the hourly Relative Strength Index (RSI) is sitting comfortably above the midline, pointing towards more gains. Should the bulls face rejection at the falling trendline resistance at 44.30, the coin could retrace towards the rising trendline support at 43.93. A break below the latter would invalidate the formation, with the next support seen at the upward sloping 21-HMA of 43.53. If the bears take out the 21-HMA support, the 43.00 round figure would come into play. LTC/USD additional technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next AUD/USD Forecast May 18-22 – Aussie slides After Huge Job Losses Kenny Fisher 2 years Litecoin extends Saturday’s rebound. $45.30 eyed amid a potential bull pennant formation. Golden cross pattern spotted on the hourly chart. The sixth most widely traded cryptocurrency, Litecoin (LTC/USD), with a market capitalization of $2.85 billion, is one of the top performers amongst the top 10 favorite digital assets so far this Sunday. The coin has resumed the recent bullish momentum, reversing Friday’s temporary correction. At the press time, LTC/USD is consolidating the latest uptick to 44.31 highs, up nearly 2% to trade around 44.10. LTC/USD 1-hour chart The price is trending higher but within a range inside a pennant… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.