Litecoin Technical Analysis: LTC/USD rockets out from a bullish pennant, highest levels in over three weeks, coin transactions spike
- Litecoin price on Tuesday sees huge out performance, jumping over 4%.
- LTC/USD rallies out from a bullish pennant pattern that was initially containing bulls.
- Litecoin transactions spiked higher over the past few days, to highest levels seen since February.

LTC/USD 4-hour chart
Relative change: +4.35%
High: 69.160
Low: 65.378
Trend: Bullish
Resistance 1: 69.160, today's (Tuesday) high.
Resistance 2: 72.470, bottom of consolidation range seen 5-6 August.
Resistance 3: 75.122, 7th August high before large selling.
Support 1: 67.810, 1st September high.
Support 2: 65.525, above broken pennant.
Support 3: 64.250, 2nd & 3rd bottom area.
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.




