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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.
Litecoin Price Analysis: LTC/USD bulls must break back above bear flag
Ken ChigboKen ChigboIndependent 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 price44.2065
Today Daily Change1.2129
Today Daily Change %2.82
Today daily open42.9936
 
Trends
Daily SMA2042.499
Daily SMA5042.0117
Daily SMA10054.4543
Daily SMA20052.4138
 
Levels
Previous Daily High44.001
Previous Daily Low41.0345
Previous Weekly High43.767
Previous Weekly Low37.9812
Previous Monthly High63.9927
Previous Monthly Low24.9467
Daily Fibonacci 38.2%42.8678
Daily Fibonacci 61.8%42.1677
Daily Pivot Point S141.3517
Daily Pivot Point S239.7099
Daily Pivot Point S338.3852
Daily Pivot Point R144.3183
Daily Pivot Point R245.6429
Daily Pivot Point R347.2848

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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