Litecoin Technical Analysis: LTC/USD bullish pennant breakout eyed
05/16/2019, 04:48:10
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Spot rate: 77.08 Relative change: -0.40% High: 78.22 Low: 75.54 LTC/USD 60-minute chart 60-minute chart view shows the price is consolidating currentl

  • Litecoin price on Monday is trading up with very minor negative territory, nursing losses of just some 0.40%.
  • LTC/USD price action via the daily chart view has formed a bullish technical structure, pennant subject to a potential breakout higher. 
  • The bulls still have their sights on a retest of the big psychological $100 price territory. 
  • Litecoin price on Monday is trading up with very minor negative territory, nursing losses of just some 0.40%.
  • Litecoin price on Monday is trading up with very minor negative territory, nursing losses of just some 0.40%.
  • LTC/USD price action via the daily chart view has formed a bullish technical structure, pennant subject to a potential breakout higher. 
  • LTC/USD price action via the daily chart view has formed a bullish technical structure, pennant subject to a potential breakout higher. 
  • The bulls still have their sights on a retest of the big psychological $100 price territory. 
  • The bulls still have their sights on a retest of the big psychological $100 price territory. 

    Spot rate:                  77.08

    Relative change:      -0.40%

    High:                         78.22

    Low:                          75.54

     

     

    LTC/USD 60-minute chart

    LTC/USD 60-minute chartLTC/USD 60-minute chart
    • 60-minute chart view shows the price is consolidating currently, moving within a broadening wedge pattern. 
  • 60-minute chart view shows the price is consolidating currently, moving within a broadening wedge pattern. 
  • 60-minute chart view shows the price is consolidating currently, moving within a broadening wedge pattern. 

    LTC/USD daily chart

    LTC/USD daily chartLTC/USD daily chart
    • LTC/USD is moving within the confinements of a bullish pennant pattern, subject to a breakout higher. 
  • LTC/USD is moving within the confinements of a bullish pennant pattern, subject to a breakout higher. 
  • LTC/USD is moving within the confinements of a bullish pennant pattern, subject to a breakout higher.