Litecoin Technical Analysis: LTC/USD bulls are set to conquer the big $100 again

Litecoin price Monday is trading with gains of around 4.0% in the latter stages of the session.
LTC/USD has been running higher since the bullish flag breakout which triggered on April 30.
The bulls are attempting to break down the $100 price area, which remains somewhat stubborn.

Ken Chigbo Independent Analyst

Spot rate: 89.03

Relative change: +3.95%

High: 92.84

Low: 84.30

LTC/USD

Overview
Today last price	88.9318
Today Daily Change	4.0600
Today Daily Change %	4.78
Today daily open	84.8718

Trends
Daily SMA20	75.347
Daily SMA50	75.9856
Daily SMA100	62.4135
Daily SMA200	49.2819

Levels
Previous Daily High	93.8517
Previous Daily Low	83.7207
Previous Weekly High	79.5651
Previous Weekly Low	72.2954
Previous Monthly High	99.4789
Previous Monthly Low	60.3565
Daily Fibonacci 38.2%	87.5908
Daily Fibonacci 61.8%	89.9817
Daily Pivot Point S1	81.1111
Daily Pivot Point S2	77.3504
Daily Pivot Point S3	70.9801
Daily Pivot Point R1	91.2421
Daily Pivot Point R2	97.6124
Daily Pivot Point R3	101.3731

LTC/USD 60-minute chart

Price action via the 60-minute chart is moving within a bullish flag pattern formation, subject to an extended move to the upside.

LTC/USD daily chart

A chunky barrier of supply can be observed heading into the $100 price territory.

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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LTC/USD

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