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

  • 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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