Litecoin technical analysis: LTC/USD remains above a daily bearish structure following escape

• Litecoin price on Friday late in the session is trading down just some 1.5%.
• LTC/USD price action is moving within a near-term bullish pennant structure, subject to a potential breakout.  
• The bulls have been struggling in trying to firmly push above the psychological $100 mark.  

Spot rate:                  97.16

Relative change:       -1.50%

High:                          98.98

Low:                           96.03

LTC/USD 60-minute chart

• Near-term price action moving within a bullish pennant structure

LTC/USD daily chart

• The bulls managed to escape a bearish pennant, forcing a breakout on Thursday.