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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.
Litecoin Price Analysis: LTC/USD bulls are constructing a flag formation
Ken ChigboKen ChigboIndependent Analyst

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

LTC/USD

Overview
Today last price44.4415
Today Daily Change-0.0846
Today Daily Change %-0.19
Today daily open44.5261
 
Trends
Daily SMA2042.8461
Daily SMA5040.831
Daily SMA10053.8771
Daily SMA20052.1766
 
Levels
Previous Daily High45.2561
Previous Daily Low43.2002
Previous Weekly High44.9877
Previous Weekly Low39.5557
Previous Monthly High63.9927
Previous Monthly Low24.9467
Daily Fibonacci 38.2%43.9856
Daily Fibonacci 61.8%44.4708
Daily Pivot Point S143.3988
Daily Pivot Point S242.2715
Daily Pivot Point S341.3429
Daily Pivot Point R145.4547
Daily Pivot Point R246.3834
Daily Pivot Point R347.5107

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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