Recent uptick in RSI suggests a bullish breakout on the horizon

  • Litecoin price respects a pennant formation with lower highs and higher lows.
  • LTC price has seen RSI dipping towards 50, but bulls are picking up the volume with a recent uptick.
  • A bullish breakout looks to be in the making, with a test at $236.96.

Litcoin (LTC) price has been putting in lower highs and higher lows since October 18 and is still respecting the trend lines that form the outline of a pennant pattern. During this time, the Relative Strength Index (RSI)…


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