Litecoin technical analysis: LTC/USD bulls are trying to break back above a breached bearish pennant

• Litecoin price on Friday is trading in positive territory by 3.50% in the second half of the session.  
• LTC/USD upsideis being somewhat capped by a strong prior support zone seen at $70, now acting resistance.    
• The bulls are retesting a breached pennant structure, which at present continues to contain the price.  

Spot rate:                   67.60

Relative change:       +3.70%

High:                          68.17

Low:                           65.14

LTC/USD daily chart

• The bulls are trying to break down a breached pennant structure and move back above the critical $70 mark.

LTC/USD 60-minute chart

• A near-term supply area can be seen at the $68 mark via the 60-minute chart view.