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Litecoin Technical Analysis: LTC/USD spiking 5% higher in one fast move

  • Litecoin price on Thursday is outperforming, trading in positive territory up some 4.10%.
  • LTC/USD bulls making good progress towards breaking out of a bullish pennant pattern formation. 
  • Next major target for the bulls will be another attempt at the $100 mark.
Litecoin Technical Analysis: LTC/USD spiking 5% higher in one fast move
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                  84.50

Relative change:      +6.50%

High:                         83.72

Low:                          79.31

LTC/USD

Overview
Today last price82.9697
Today Daily Change3.6253
Today Daily Change %4.57
Today daily open79.3444
 
Trends
Daily SMA2079.5266
Daily SMA5065.526
Daily SMA10051.4973
Daily SMA20046.7649
Levels
Previous Daily High82.2917
Previous Daily Low78.9285
Previous Weekly High95.9705
Previous Weekly Low75.4599
Previous Monthly High63.0977
Previous Monthly Low45.1089
Daily Fibonacci 38.2%80.2132
Daily Fibonacci 61.8%81.0069
Daily Pivot Point S178.0847
Daily Pivot Point S276.8249
Daily Pivot Point S374.7214
Daily Pivot Point R181.4479
Daily Pivot Point R283.5514
Daily Pivot Point R384.8112

LTC/USD 15-minute chart

  • Price action breaking out to the upside, jumping some 5% within one fast move in recent trading. 

LTC/USD daily chart

  • Price action continues to move within a bullish pennant pattern formation, subject to breakout higher.  

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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