Litecoin technical analysis: LTC/USD explosive moves in the waiting

• Litecoin price on Tuesday is trading in negative territory by 1.00%.
• LTC/USD price action has done little over the past two weeks, narrowing.  
• Price action like many of its peers has formed a bearish pennant structure.  

Spot rate:                   187.60

Relative change:       -0.50%

High:                          189.04

Low:                           184.62

LTC/USD daily chart

• The price is moving within a narrowing pennant formation via the daily. It appears to be the calm before the storm, given the two weeks of range-bound trading.    

LTC/USD 60-minute chart

• Price action via the 60-minute chart view is subject to an imminent breakout, given the triangular structure.