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Litecoin Price Analysis: LTC/USD bulls making a trend defining break above last week’s high area

Litecoin price is trading in positive territory by 13.50% in the session on Thursday.
LTC/USD has been pushing higher more or less for the last five sessions.
The bulls are making a break above the high of last week, which could be inviting for further buyers.

Ken Chigbo Independent Analyst

LTC/USD daily chart

The high print last week was seen at $63, a daily closure above would be likely see further buying momentum.

LTC/USD 60-minute chart

Price action is breaking out to the upside from a bullish flag structure via the 60-minute.

Spot rate: 59.73

Relative change: +13.50%

High: 68.81

Low: 58.15

LTC/USD

Overview
Today last price	67.2072
Today Daily Change	7.5366
Today Daily Change %	12.63
Today daily open	59.6706

Trends
Daily SMA20	56.0507
Daily SMA50	47.6422
Daily SMA100	50.631
Daily SMA200	62.7211

Levels
Previous Daily High	62.379
Previous Daily Low	59.3716
Previous Weekly High	62.4609
Previous Weekly Low	50.6584
Previous Monthly High	48.5063
Previous Monthly Low	35.9836
Daily Fibonacci 38.2%	60.5204
Daily Fibonacci 61.8%	61.2302
Daily Pivot Point S1	58.5684
Daily Pivot Point S2	57.4663
Daily Pivot Point S3	55.561
Daily Pivot Point R1	61.5759
Daily Pivot Point R2	63.4812
Daily Pivot Point R3	64.5833

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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