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Litecoin Price Analysis: LTC/USD can fly if its breaks down $77-78 area

  • Litecoin price is trading in positive territory by 0.05% in the session on Wednesday. 
  • LTC/USD bulls managed to snap a three-session run of losses. 
  • The price is struggling at breaking down resistance seen at $77. 
Litecoin Price Analysis: LTC/USD can fly if its breaks down $77-78 area
Ken ChigboKen ChigboIndependent Analyst

LTC/USD daily chart

Price action has offered little in the last thirteen sessions, directionless trading. 

LTC/USD 60-minute chart

The price can be seen moving within a bullish pennant structure, subject to a breakout higher. 

Spot rate:                73.76

Relative change:    +0.05%

High:                        78.33

Low:                         76.61

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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