Litecoin Price Analysis: LTC/USD can fly if its breaks down $77-78 area

FX Street

Updated: 19 Feb. 2020 | 16:57

Litecoin price is trading in positive territory by 0.05% in the session on Wednesday.
LTC/USD bulls managed to snap a three-session run of losses.
The price is struggling at breaking down resistance seen at $77.

LTC/USD daily chart

Price action has offered little in the last thirteen sessions, directionless trading.

LTC/USD 60-minute chart

The price can be seen moving within a bullish pennant structure, subject to a breakout higher.

Spot rate: 73.76

Relative change: +0.05%

High: 78.33

Low: 76.61

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