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  • Litecoin price is trading in positive territory by 2.60% in the session on Friday. 
  • LTC/USD has smashed out of a narrowing triangular structure. 
  • The next major target area for the bulls will likely be the psychosocial $50 mark. 

 

LTC/USD daily chart

The price is running at four consecutive sessions in the green, as the bulls regather momentum.

LTC/USD 60-minute chart

A bullish pennant breakout via the 60-minute view allowed for a fresh wave of buying pressure. 

 

Spot rate:                40.18   

Relative change:    +2.60%

High:                        43.92

Low:                         38.11