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. 

Crypto Destroyer

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