Litecoin technical analysis: LTC/USD bullish pennant breakout as price jumps over 2%

Litecoin price is one of the outperformers in comparison to the rest of the market, trading in minor positive of 0.30%.
LTC/USD range-breakouts are eyed, penannt structure eyed via the 60-minute.
A surge of upside momentum seen in the latter part of trading on Tuesday, after a range-bound session.

Ken Chigbo Independent Analyst

Spot rate: 133.52

Relative change: +3.55%

High: 398.04

Low: 378.85

LTC/USD

Overview
Today last price	129.0505
Today Daily Change	-0.7499
Today Daily Change %	-0.58
Today daily open	129.8004

Trends
Daily SMA20	109.628
Daily SMA50	92.1646
Daily SMA100	80.21
Daily SMA200	57.2995

Levels
Previous Daily High	130.6156
Previous Daily Low	112.6861
Previous Weekly High	121.1976
Previous Weekly Low	97.5782
Previous Monthly High	122.0347
Previous Monthly Low	72.2954
Daily Fibonacci 38.2%	123.7665
Daily Fibonacci 61.8%	119.5351
Daily Pivot Point S1	118.1191
Daily Pivot Point S2	106.4378
Daily Pivot Point S3	100.1896
Daily Pivot Point R1	136.0487
Daily Pivot Point R2	142.2969
Daily Pivot Point R3	153.9782

LTC/USD 60-minute chart

Bulls smash out from a bullish penannt structure seen via the 60-minute chart view.

LTC/USD weekly chart

Next major demand zone is eyed up around the $170-180 price range, last traded up here in May 2018.

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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