- Litecoin price on Thursday is trading marginally in the red, small losses of 0.15%.
- LTC/USD should have some room to push further north, given the narrowing pennant structure.
- Price action breaking out near-term, as bulls hunt for a return to $100 mark.
Spot rate: 98.17
Relative change: -0.15%
LTC/USD 60-minute chart
- LTC/USD is making progress to breaking out from a 60-minute bullish pennant structure.
LTC/USD daily chart
- There is room for the bulls to capitalize the breakout from a bearish technical structure, pennant.