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Litecoin Technical Analysis: LTC/USD bulls need to capitalize now on bullish flag structure

Litecoin price on Tuesday is trading in very minor positive territory, small gains of just some 0.20%.
LTC/USD via the daily broke out earlier in the week from a bullish flag structure, however a lack of capitalizing on this as of yet.
The next major upside target for the bulls remains the psychological $100 level.

Ken Chigbo Independent Analyst

Spot rate: 75.80

Relative change: +0.20%

High: 79.51

Low: 74.64

LTC/USD

Overview
Today last price	76.1189
Today Daily Change	0.4976
Today Daily Change %	0.66
Today daily open	75.6213

Trends
Daily SMA20	75.6765
Daily SMA50	73.7176
Daily SMA100	59.5777
Daily SMA200	48.4975

Levels
Previous Daily High	77.6868
Previous Daily Low	72.2954
Previous Weekly High	81.3432
Previous Weekly Low	66.0294
Previous Monthly High	99.4789
Previous Monthly Low	60.3565
Daily Fibonacci 38.2%	74.3549
Daily Fibonacci 61.8%	75.6273
Daily Pivot Point S1	72.7155
Daily Pivot Point S2	69.8098
Daily Pivot Point S3	67.3242
Daily Pivot Point R1	78.1069
Daily Pivot Point R2	80.5925
Daily Pivot Point R3	83.4983

LTC/USD 60-minute chart

The bears smashed a key supporting ascending trend line, which invited a wave of selling upon the breach.

LTC/USD daily chart

Price action via the daily has broken out from a bullish flag pattern formation, however yet to capitalise on this.

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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