Litecoin technical analysis: LTC/USD bulls looking to break free from stubborn bearish trend
- Litecoin price is trading in the green in the session by some 4.50%.
- LTC/USD bulls have broken out from a narrowing range-block formation,
- Price action is capped to the upside at $58 and supported the downside at $54, within tight conditions.
LTC/USD daily chart
The current daily has made a breach from a range that had contained the price since 25 September.
LTC/USD 60-minute chart
The price encountered much buying pressure following a brekaout of a bullish flag pattern.
Spot rate: 57.15
Relative change: +4.50%