Litecoin Price Prediction: LTC/USD has the opportunity of a fast return to $50

• Litecoin price is trading in positive territory by 5.60% in the session on Thursday. 
• LTC/USD has smashed out of a narrowing triangular structure via the 60-minute view. 
• Pullbacks in the price and near-term rallies remain vulnerable to being sold. 

LTC/USD daily chart

The daily range remains tight, to the high of $38 down to the low of $38. 

LTC/USD 60-minute chart

Price action is narrowing within a range-block, the low support down at $32.50, resistance to the upside notable at $35.00. 

Spot rate:                33.30

Relative change:    +6.60%

High:                        37.46

Low:                         34.08