LTC/USD bulls retesting breached bearish pennant structure

• Litecoin price on Tuesday is trading in positive territory by 3.80% in the second half of the session. 
• LTC/USD upside is going to be heavily capped by a strong prior support zone seen at $70. 
• The bulls are retesting a breached pennant structure, which at present continues to contain the price. 

Spot rate:                  69.68

Relative change:      +3.70%

High:                         70.23

Low:                          66.66

LTC/USD daily chart

• The bulls are attempting to stage a rebound following the break down of critical support at $70. A retest of a daily breached penannt structure is underway. 

LTC/USD 60-minute chart

• Price action is pressing to the north, attempting to break down the descending trend line as part of the pennant.