fxs_header_sponsor_anchor

Litecoin Price Analysis: LTC/USD bulls must break back above bear flag

  • Litecoin price is trading in positive territory by 2.85 % in the session on Friday. 
  • LTC/USD has extended to the upside, running at four consecutive in the green. 
  • The price is set for another critical test of a big area of resistance just ahead at $45-46.

LTC/USD daily chart

The bulls are pressing for a breakout of a narrowing daily range block, high at $45, low down at $40. 

LTC/USD 60-minute chart

A bullish pennant structure was viewable via the 60-minute chart view, of which the bulls have breached. 

Spot rate:               43.41

Relative change:  +2.85%

High:                      44.98

Low:                       42.90

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.