LTC/USD price went up by 87.6% in 15 mins - Technical Analysis

LTC/USD 15-min chart

• LTC/USD price went up by 87.6% in 15 mins.
• The price went up from $27.95 to $52.44 after previously going down from $51.75 to $27.95.

LTC/USD daily chart

• Bears took back the last session, taking the price down from $53 to $52.20 as the markets opened this Wednesday.
• On Tuesday, the LTC/USD daily market had a bullish breakout from the flag formation.
• The relative strength index (RSI) curve is near the overbought side.
• The 50-day simple moving average (SMA 50) is en-route to crossing over the SMA 200 curve signaling an upcoming buy sign.

LTC/USD 4-hour chart

• The last bearish candlestick brought the price back inside the 20-day Bollinger band.
• The moving average convergence/divergence (MACD) indicates that the overall market momentum remains bullish.
• Both the MACD and the Bollinger band indicates that the market is becoming more volatile.

Key Levels

• Resistance 3: $51.5054
• Resistance 2: $50.0219
• Resistance 1: $48.0759
• Pivot Point: $46.5924
• Support 1: $44.6464
• Support 2: $43.1630
• Support 3: $41.2170