Litecoin Technical  Analysis: LTC/USD running with chunky gains, over 9%, as price extends upside momentum with bullish pennant breakout

• Litecoin bulls have made decent gains on Tuesday, jumping over 9% in the session.  
• LTC/USD had initially formed a bullish pennant pattern, which has now been breached to the upside.  
• A barrier sits just ahead tracking from $88.60-89.30, the bulls can re-target $100 if  breached.  

LTC/USD 30-minute chart

Spot rate:                    88.540

Relative change:         +8.70%

High:                           0.46274

Low:                            0.43800

Trend:                         Bullish.

Resistance  1:              88.600, entrance to supply zone.  

Resistance 2:             89.300, today’s (Tuesday) high.

Resistance 3:             90.120, 17th July high.

Support 1:                  88.000, on top of bullish pennant.  

Support 2:                  86.753, lower part of pennant.  

Support 3:                  85.915, 23rd July high, supply area.