Litecoin Price Analysis: LTC/USD bulls are constructing a flag formation

Litecoin price is trading in negative territory by 0.45 % in the session on Tuesday.
LTC/USD is a small step away from an explosive move north, barrier at $45.
A return back into the $50 territory could quickly be seen and restoring buyer faith.

Ken Chigbo Independent Analyst

LTC/USD daily chart

The construction of a bull flag is viewable via the daily chart view, subject to a breakout.

LTC/USD 60-minute chart

Price action is swinging within a tight range, $43 to the downside, $45 to the upside.

Spot rate: 43.41

Relative change: -0.45%

High: 44.92

Low: 43.49

LTC/USD

Overview
Today last price	44.4415
Today Daily Change	-0.0846
Today Daily Change %	-0.19
Today daily open	44.5261

Trends
Daily SMA20	42.8461
Daily SMA50	40.831
Daily SMA100	53.8771
Daily SMA200	52.1766

Levels
Previous Daily High	45.2561
Previous Daily Low	43.2002
Previous Weekly High	44.9877
Previous Weekly Low	39.5557
Previous Monthly High	63.9927
Previous Monthly Low	24.9467
Daily Fibonacci 38.2%	43.9856
Daily Fibonacci 61.8%	44.4708
Daily Pivot Point S1	43.3988
Daily Pivot Point S2	42.2715
Daily Pivot Point S3	41.3429
Daily Pivot Point R1	45.4547
Daily Pivot Point R2	46.3834
Daily Pivot Point R3	47.5107

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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