Litecoin technical analysis: LTC/USD bulls have the opportunity to capitalize

• Litecoin price on Thursday is trading marginally in the red, small losses of 0.15%.  
• LTC/USD should have some room to push further north, given the narrowing pennant structure.  
• Price action breaking out near-term, as bulls hunt for a return to $100 mark.  

Spot rate:                  98.17

Relative change:       -0.15%

High:                          99.92

Low:                           90.03

LTC/USD 60-minute chart

• LTC/USD is making progress to breaking out from a 60-minute bullish pennant structure.  

LTC/USD daily chart

• There is room for the bulls to capitalize the breakout from a bearish technical structure, pennant.