LTC/USD explodes to the upside with gains of 7% on Tuesday

  • Litecoin price trading up on Tuesday as big bulls return, gains at time of writing up 7%. 
  • LTC/USD pushes to its highest level seen since 19th November.

LTC/USD 15-minute chart

  • LTC/USD makes break from a near-term pennant structure, seen via the 15-minute chart view. 

Spot rate:                 41.51

Relative change:      +7.10%

High:                         41.91

Low:                          38.48

 

Trend:                        Bullish 

 

Support 1:                 37.23, daily pivot point support.

Support 2:                 36.47, daily pivot point support.

Support 3:                 35.74, daily pivot point support.

Resistance 1:            38.73, daily pivot point resistance.

Resistance 2:            39.47, daily pivot point resistance.

Resistance 3:            40.23, daily pivot point resistance.

 

LTC/USD 60-minute chart 

  • Bulls forced their way out of a near-term range-block formation, as it extends to session high. 

 

LTC/USD daily chart

  • Price action extended to the upside, following a breakout from a pennant structure. Bulls are also supported by an ascending trend line. 

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