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  • Litecoin price is trading in positive territory by 2.20 % in the session on Tuesday. 
  • LTC/USD bulls have further capitalized after breaking down the $40 mark. 
  • The next major target to tackle will be the $50, a breakout and closure above is key.

 

LTC/USD daily chart

The price is enjoying a strong run to the upside, voiding a bearish ascending wedge structure. 

 

LTC/USD 60-minute chart

Near-term price action is moving within a range-bound nature, following a bull pennant breakout. 

Spot rate:               46.15

Relative change:  +2.20%

High:                      47.65

Low:                       44.88