Litecoin Price Analysis: LTC/USD is pushing higher to break a technical pattern

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  • Litecoin is trading 2.41% higher on Friday and is looking to break out of an intraday technical pattern.
  • Bulls will be looking to target the recent high of 84.50 for the trend to continue higher.

LTC/USD Daily Chart

Litecoin has consolidated between 84.50 and 78.25.

Now the price looks like it will break out of the red trendline on the chart below.

Bulls will be looking to target the high of 84.50 for the trend to continue higher.

On the downside, a break of 78.60  would create a new wave low but the price looks to be moving in the opposite direction.

Litecoin Analysis

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