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  • 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.