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Litecoin Price Analysis: LTC/USD could see a return back into $100 very soon

  • Litecoin price is trading in positive territory by 8.20% in the session on Wednesday. 
  • LTC/USD bulls are back in control following three sessions of cooling.
  • The price can see a very fast return back into $100 if momentum is maintained. 
Litecoin Price Analysis: LTC/USD could see a return back into $100 very soon
Ken ChigboKen ChigboIndependent Analyst

LTC/USD daily chart

The next major barrier area for the bulls to break down is the $75-80 territory. 

LTC/USD 60-minute chart

Price action has extended to the upside, breaking out from a bullish flag structure, inviting fresh buying momentum. 

Spot rate:                73.27

Relative change:    +8.20%

High:                        73.44

Low:                         67.53

LTC/USD

Overview
Today last price73.3803
Today Daily Change5.4703
Today Daily Change %8.06
Today daily open67.91
 
Trends
Daily SMA2060.9446
Daily SMA5050.7446
Daily SMA10051.5732
Daily SMA20061.946
 
Levels
Previous Daily High68.8926
Previous Daily Low66.6241
Previous Weekly High70.0854
Previous Weekly Low52.8193
Previous Monthly High70.0854
Previous Monthly Low38.7677
Daily Fibonacci 38.2%67.4907
Daily Fibonacci 61.8%68.0261
Daily Pivot Point S166.7252
Daily Pivot Point S265.5404
Daily Pivot Point S364.4567
Daily Pivot Point R168.9937
Daily Pivot Point R270.0774
Daily Pivot Point R371.2622

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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