Litecoin Price Analysis: LTC/USD bulls must break back above bear flag
|- Litecoin price is trading in positive territory by 2.85 % in the session on Friday.
- LTC/USD has extended to the upside, running at four consecutive in the green.
- The price is set for another critical test of a big area of resistance just ahead at $45-46.
LTC/USD daily chart
The bulls are pressing for a breakout of a narrowing daily range block, high at $45, low down at $40.
LTC/USD 60-minute chart
A bullish pennant structure was viewable via the 60-minute chart view, of which the bulls have breached.
Spot rate: 43.41
Relative change: +2.85%
High: 44.98
Low: 42.90
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