LTC/USD must hold above $57 for big gains north


  • Litecoin price on Wednesday trading up with gains of some 3.15% in the second half of the session, outperforming several of its peers. 
  • LTC/USD price action via the daily continues to move within a bullish pennant structure.
  • Bulls managed to extend to the upside breaking out from a descending channel formation. 

Spot rate:                 0.3061

Relative change:      +1.45%

High:                        0.3104

Low:                         0.3003

Trend:                       Bullish 

LTC/USD 60-minute chart

  • Big bull action sees price smash out to the upside from a descending channel formation. 

LTC/USD daily chart

  • Daily price action continues to move within a bullish pennant pattern formation. 

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