|

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

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.

More from Ken Chigbo
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Aave Price Forecast: AAVE primed for breakout as bullish signals strengthen

Aave (AAVE) price is trading above $204 at the time of writing on Friday and approaching the upper boundary of its descending parallel channel; a breakout from this structure would favor the bulls.

Meme Coins Price Prediction: DOGE, SHIB, PEPE stall amid warming retail demand

Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), struggle to regain strength as the broader cryptocurrency market recovers. Derivatives data reveals fresh retail demand as Open Interest of DOGE, SHIB, and PEPE futures surge.

Terraform Do Kwon gets 15-year prison sentence for role in Terra-Luna $40 billion crash

Terraform Labs founder Do Kwon was sentenced to 15 years in prison by a New York federal court on Thursday for his role in organizing one of the largest cryptocurrency frauds in history.

Top 3 Price Prediction: BTC and ETH eyes breakout, XRP steadies at support

Bitcoin (BTC) and Ethereum (ETH) are nearing the key resistance levels at the time of writing on Friday, and a successful breakout could open the door for a fresh rally. Meanwhile, Ripple (XRP) is stabilizing around a crucial support zone, hinting at a potential rebound if buyers maintain control.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.