Litecoin Price Analysis: LTC/USD gunning for another critical retest of breached flag

  • Litecoin price is trading in positive territory by 3.35 % in the session on Wednesday. 
  • LTC/USD is moving within a narrowing range block structure, explosive breakout eyed. 
  • Following a daily bear flag breakout, vulnerabilities have remained tilted to the downside. 

LTC/USD daily chart

The bulls are pushing for a retest of the breached flag pattern, following a strong break above $40, which was proving to be a stubborn near-term barrier. A closure back above the noted structure will need to be seen, in order to void the potential bear set-up. 

LTC/USD 60-minute chart

Price action has smashed to the upside out from a narrowing range-block formation, inviting a fresh wave of buying pressure. 


Spot rate:               40.17

Relative change:  +3.35%

High:                      42.30

Low:                       40.34


Today last price 42.0605
Today Daily Change 1.3793
Today Daily Change % 3.39
Today daily open 40.6812
Daily SMA20 42.2807
Daily SMA50 42.742
Daily SMA100 54.6854
Daily SMA200 52.5541
Previous Daily High 41.3634
Previous Daily Low 40.1414
Previous Weekly High 43.767
Previous Weekly Low 37.9812
Previous Monthly High 63.9927
Previous Monthly Low 24.9467
Daily Fibonacci 38.2% 40.8966
Daily Fibonacci 61.8% 40.6082
Daily Pivot Point S1 40.0939
Daily Pivot Point S2 39.5066
Daily Pivot Point S3 38.8719
Daily Pivot Point R1 41.3159
Daily Pivot Point R2 41.9507
Daily Pivot Point R3 42.538



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