Litecoin Technical Analysis: LTC / USD explodes upwards with gains of 7% on Tuesday

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  • Tuesday litecoin prices exchange as bulls return, gaining 7% at the moment.
  • LTC / USD pushes to its highest level seen since 19 November.

15-minute LTC / USD chart

  • LTC / USD detaches from a short-term pennant structure, viewed through 15-minute graph display.

Spot rate: 41.51

Relative change: + 7.10%

High: 41.91

Low: 38.48

Trend: bullish

Support 1: 37.23, daily support of the articulation point.

Support 2: 36.47, daily support of the articulation point.

Support 3: 35.74, daily support of the articulation point.

Resistance 1: 38.73, resistance to the daily rotation point.

Resistance 2: 39.47, resistance to the daily rotation point.

Resistance 3: 40.23, resistance to the daily rotation point.

Chart 60 minutes LTC / USD

  • The bulls have forced their exit from a short-term block formation, since it extends to the high session.

LTC / USD daily table

  • Price action has increased to the upside, following a breakdown of a pennant's structure. The bulls are also supported by a growing trend line.

Get the 5 most predictable currency pairs

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