Ken Chigbo
Independent Analyst
- Litecoin price on Tuesday is trading in very minor positive territory, small gains of just some 0.20%.
- LTC/USD via the daily broke out earlier in the week from a bullish flag structure, however a lack of capitalizing on this as of yet.
- The next major upside target for the bulls remains the psychological $100 level.
Spot rate: 75.80
Relative change: +0.20%
High: 79.51
Low: 74.64
LTC/USD 60-minute chart
- The bears smashed a key supporting ascending trend line, which invited a wave of selling upon the breach.
LTC/USD daily chart
- Price action via the daily has broken out from a bullish flag pattern formation, however yet to capitalise on this.
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