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Litecoin technical analysis: LTC/USD bullish flag breakout

  • Litecoin price on Monday is holding big gains of over 10% in the latter part of the session. 
  • LTC/USD bulls extended to the upside, breaking out from a bullish flag structure. 
  • The price is now trading at the highest level seen since June 2018. 
Litecoin technical analysis: LTC/USD bullish flag breakout
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 126.78

Relative change:      +10.70%

High:                        129.42

Low:                         112.68

LTC/USD 60-minute chart

  • The 60-minute chart view has smashed out from a narrowing range-block formation. 

LTC/USD daily chart

  • Price action via the daily chart view has extended to the upside, breaking out from a flag formation. 

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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