LTC/USD bulls must breakdown major barrier running from $145-150 price range for greater gains

Fibo Quantum

  • Litecoin trading with minor losses of just some 0.05% in the second half of Wednesday.
  • LTC/USD price action is moving within a bullish flag structure, subject to a breakout. 
  • A major barrier in the way for the bulls can be seen tracking from $145 – $150 territory, where the price 

 

Spot rate:                 136.52

Relative change:      +0.65%

High:                        138.16

Low:                         133.16

LTC/USD 60-minute chart

  •  Via the 60-minute the bulls have managed to break above a descending trend line, completing a retest also, making room for a continued move north. 

LTC/USD daily chart

  • Price action moving within a bullish flag structure, subject to a breakout. 

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