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Litecoin Price Analysis: LTC/USD bulls heading for game changing flag retest

Litecoin price is trading in positive territory by 3.35 % in the session on Thursday.
LTC/USD has extended to the upside, following the strong gains that come into play on Wednesday.
The price is set for another critical test of a big area of resistance just ahead at $45-46.

Ken Chigbo Independent Analyst

LTC/USD daily chart

Bulls will now be pushing for a retest of the breached daily flag structure, the original breakout was observed on 13 April and a retest on 18 April.

LTC/USD 60-minute chart

Price action smashed out to the upside from a bull flag structure, inviting a fresh wave of upside momentum.

Spot rate: 43.41

Relative change: +3.35%

High: 44.00

Low: 41.03

LTC/USD

Overview
Today last price	43.4156
Today Daily Change	1.5434
Today Daily Change %	3.69
Today daily open	41.8722

Trends
Daily SMA20	42.3765
Daily SMA50	42.3593
Daily SMA100	54.6081
Daily SMA200	52.481

Levels
Previous Daily High	42.3885
Previous Daily Low	40.3423
Previous Weekly High	43.767
Previous Weekly Low	37.9812
Previous Monthly High	63.9927
Previous Monthly Low	24.9467
Daily Fibonacci 38.2%	41.6068
Daily Fibonacci 61.8%	41.1239
Daily Pivot Point S1	40.6802
Daily Pivot Point S2	39.4881
Daily Pivot Point S3	38.6339
Daily Pivot Point R1	42.7264
Daily Pivot Point R2	43.5805
Daily Pivot Point R3	44.7726

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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LTC/USD daily chart

LTC/USD 60-minute chart

LTC/USD

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