Ken Chigbo
Independent Analyst
- Litecoin price is trading in positive territory by 2.20 % in the session on Tuesday.
- LTC/USD bulls have further capitalized after breaking down the $40 mark.
- The next major target to tackle will be the $50, a breakout and closure above is key.
LTC/USD daily chart
The price is enjoying a strong run to the upside, voiding a bearish ascending wedge structure.
LTC/USD 60-minute chart
Near-term price action is moving within a range-bound nature, following a bull pennant breakout.
Spot rate: 46.15
Relative change: +2.20%
High: 47.65
Low: 44.88
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