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  • Litecoin price in the second half of the session on Friday is trading firmly in positive territory, big gains of around 8%.  
  • LTC/USD smashed out from a descending wedge pattern formation/bull flag. leaving the door open to further gains.  
  • Bulls are locked in on the next major barrier up at the psychological $100 price mark.    

Spot rate:               79.66

Relative change:   +8.60%

High:                      81.34

Low:                       73.62

 

LTC/USD 60-minute chart

  • A near-term pennant can be observed via the 60-minute chart view, as the price briefly consolidates ahead of further potential moves north.  

LTC/USD daily chart

  • Breakout from descending wedge formation/bull flag, room to push further north.