- Litecoin price on Tuesday is trading in positive territory by 3.80% in the second half of the session.
- LTC/USD upside is going to be heavily capped by a strong prior support zone seen at $70.
- The bulls are retesting a breached pennant structure, which at present continues to contain the price.
Spot rate: 69.68
Relative change: +3.70%
High: 70.23
Low: 66.66
LTC/USD daily chart
- The bulls are attempting to stage a rebound following the break down of critical support at $70. A retest of a daily breached penannt structure is underway.
LTC/USD 60-minute chart
- Price action is pressing to the north, attempting to break down the descending trend line as part of the pennant.
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