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Litecoin Price Analysis: LTC/USD bulls must break back above bear flag

Litecoin price is trading in positive territory by 2.85 % in the session on Friday.
LTC/USD has extended to the upside, running at four consecutive in the green.
The price is set for another critical test of a big area of resistance just ahead at $45-46.

Ken Chigbo Independent Analyst

LTC/USD daily chart

The bulls are pressing for a breakout of a narrowing daily range block, high at $45, low down at $40.

LTC/USD 60-minute chart

A bullish pennant structure was viewable via the 60-minute chart view, of which the bulls have breached.

Spot rate: 43.41

Relative change: +2.85%

High: 44.98

Low: 42.90

LTC/USD

Overview
Today last price	44.2065
Today Daily Change	1.2129
Today Daily Change %	2.82
Today daily open	42.9936

Trends
Daily SMA20	42.499
Daily SMA50	42.0117
Daily SMA100	54.4543
Daily SMA200	52.4138

Levels
Previous Daily High	44.001
Previous Daily Low	41.0345
Previous Weekly High	43.767
Previous Weekly Low	37.9812
Previous Monthly High	63.9927
Previous Monthly Low	24.9467
Daily Fibonacci 38.2%	42.8678
Daily Fibonacci 61.8%	42.1677
Daily Pivot Point S1	41.3517
Daily Pivot Point S2	39.7099
Daily Pivot Point S3	38.3852
Daily Pivot Point R1	44.3183
Daily Pivot Point R2	45.6429
Daily Pivot Point R3	47.2848

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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LTC/USD daily chart

LTC/USD 60-minute chart

LTC/USD

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