Litecoin Price Forecast: LTC/USD near-term life kicked into bulls but may prove to be unsustainable
|- Litecoin price is trading in positive territory by 2.300% in the session on Tuesday.
- LTC/USD is running at two consecutive sessions in the green.
- There is still some risk due to a bearish pennant/flag structure via the daily.
LTC/USD daily chart
Price action still remains narrow, as has been the case since 13 March, with the risk of bears capitalizing on the noted pennant/flag.
LTC/USD 60-minute chart
A decent wave of upside momentum was seen, thanks to a bullish breakout of a pennant via the 60-minute.
Spot rate: 40.15
Relative change: +2.30%
High: 40.84
Low: 38.39
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