Litecoin Price Analysis: LTC/USD bulls are constructing a flag formation

  • Litecoin price is trading in negative territory by 0.45 % in the session on Tuesday. 
  • LTC/USD is a small step away from an explosive move north, barrier at $45. 
  • A return back into the $50 territory could quickly be seen and restoring buyer faith.

 

LTC/USD daily chart

The construction of a bull flag is viewable via the daily chart view, subject to a breakout. 

LTC/USD 60-minute chart

Price action is swinging within a tight range, $43 to the downside, $45 to the upside. 


 

Spot rate:               43.41

Relative change:  -0.45%

High:                      44.92

Low:                       43.49

 

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