Home Litecoin Technical Analysis: LTC/USD bull breakout eyed from flag  formation
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Litecoin Technical Analysis: LTC/USD bull breakout eyed from flag  formation

FX Street
Published date:
  • Litecoin price on Wednesday is underperforming, nursing losses of some 2% in the second half of the session.  
  • LTC/USD price action has formed a bullish flag pattern formation, subject to a breakout.  
  • The bulls have managed to push the price its highest level in over six sessions.  

Spot rate:                   79.44

Relative change:       -1.95%

High:                          82.29  

Low:                           78.92

 

LTC/USD 60-minute chart

  • Price action is narrowing greatly within a triangular structure seen via the 60-minute chart view.  

LTC/USD daily chart

  • Over the last week or so price action has been within consolidation mode, having formed a bullish flag pattern formation, subject to a potential breakout higher.  

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