Litecoin technical analysis: LTC/USD price is vulnerable within a bearish pennant

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  • Litecoin price on Friday is trading in the green, up some 2.40%. 
  • LTC/USD price action is moving within consolidation mode, having formed a bearish pennant structure. 
  • A retest of the breached daily pennant structure, which the bears forced a way out of last week. 

 

Spot rate:                 75.20

Relative change:      +2.40%

High:                         76.03

Low:                          72.51

LTC/USD daily chart

  • Price action moving within a bearish pennant structure, subject to a breach. 

LTC/USD 60-minute chart

  •  Price action breaks out from a descending wedge structure, leaving door open to some buying momentum. 

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