LTC/USD bulls have the opportunity to capitalize

Fibo Quantum

  • Litecoin price on Thursday is trading marginally in the red, small losses of 0.15%. 
  • LTC/USD should have some room to push further north, given the narrowing pennant structure. 
  • Price action breaking out near-term, as bulls hunt for a return to $100 mark. 

Spot rate:                 98.17

Relative change:      -0.15%

High:                         99.92

Low:                          90.03

LTC/USD 60-minute chart

  • LTC/USD is making progress to breaking out from a 60-minute bullish pennant structure. 


LTC/USD daily chart

  • There is room for the bulls to capitalize the breakout from a bearish technical structure, pennant.