- 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%
|Today last price||42.0605|
|Today Daily Change||1.3793|
|Today Daily Change %||3.39|
|Today daily open||40.6812|
|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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