Litecoin technical analysis: LTC/USD bulls looking to break free from stubborn bearish trend

October 9, 2019 Off By admin-445
  • Litecoin price is trading in the green in the session by some 4.50%. 
  • LTC/USD bulls have broken out from a narrowing range-block formation, 
  • Price action is capped to the upside at $58 and supported the downside at $54, within tight conditions. 

 

LTC/USD daily chart

The current daily has made a breach from a range that had contained the price since 25 September. 

LTC/USD 60-minute chart

The price encountered much buying pressure following a brekaout of a bullish flag pattern. 

 

Spot rate:                  57.15

Relative change:      +4.50%

High:                         60.12

Low:                          56.72

 

 

Source: www.forexcrunch.com