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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. 
Litecoin Price Analysis: LTC/USD bulls have room to run higher following flag breakout
Ken ChigboKen ChigboIndependent 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 price58.9265
Today Daily Change0.4284
Today Daily Change %0.73
Today daily open58.4981
 
Trends
Daily SMA2054.5402
Daily SMA5047.0103
Daily SMA10050.5005
Daily SMA20063.2583
 
Levels
Previous Daily High59.5385
Previous Daily Low55.865
Previous Weekly High62.4609
Previous Weekly Low50.6584
Previous Monthly High48.5063
Previous Monthly Low35.9836
Daily Fibonacci 38.2%58.1352
Daily Fibonacci 61.8%57.2682
Daily Pivot Point S156.3959
Daily Pivot Point S254.2937
Daily Pivot Point S352.7224
Daily Pivot Point R160.0694
Daily Pivot Point R261.6407
Daily Pivot Point R363.743

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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