Litecoin technical analysis: LTC/USD bulls are struggling to break down $500 – FXStreet

• Litecoin price on Monday late in the second half of the session is trading in negative territory down some 1.25%.
• LTC/USD bullish pennant pattern can be viewed via the daily chart. 
• A wave of selling pressure was seen in the session on Sunday, after a key near-term ascending trend line break. 

Spot rate:                 

Relative change:      -0.25%

High:                        136.88

Low:                         133.42

LTC/USD 60-minute chart

• The 60-minute chart view shows the price consolidating within a bearish pennant. The price may be exposed to some further downside before another push north. 

LTC/USD daily chart

• Price action is moving within a bullish penannt structure, subject to a potential breakout. 

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