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Litecoin Price Analysis: LTC/USD bulls have room to run higher following flag breakout

Litecoin price is trading in positive territory by 1% in the session on Tuesday.
LTC/USD extends to the north, three straight days in the green, following flag breach.
Supply can be observed around the $62-64 price range.

Ken Chigbo Independent Analyst

LTC/USD daily chart

Should the last week’s high area be broken down around $62, would likely encourage greater buying momentum.

LTC/USD 60-minute chart

Price action is cooling within a bullish flag structure, subject to a potential breakout north.

Spot rate: 58.66

Relative change: +0.30%

High: 61.44

Low: 58.10

LTC/USD

Overview
Today last price	58.9265
Today Daily Change	0.4284
Today Daily Change %	0.73
Today daily open	58.4981

Trends
Daily SMA20	54.5402
Daily SMA50	47.0103
Daily SMA100	50.5005
Daily SMA200	63.2583

Levels
Previous Daily High	59.5385
Previous Daily Low	55.865
Previous Weekly High	62.4609
Previous Weekly Low	50.6584
Previous Monthly High	48.5063
Previous Monthly Low	35.9836
Daily Fibonacci 38.2%	58.1352
Daily Fibonacci 61.8%	57.2682
Daily Pivot Point S1	56.3959
Daily Pivot Point S2	54.2937
Daily Pivot Point S3	52.7224
Daily Pivot Point R1	60.0694
Daily Pivot Point R2	61.6407
Daily Pivot Point R3	63.743

Author

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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