Litecoin price analysis: LTC/USD charts highest price in over a year

• LTC/USD went up from $114.75 to $126.30, charting a 10% increase in price.
• LTC/USD has charted its highest price since June 2018.

Litecoin (LTC/USD) had a historic day this Monday as its price went up from $114.75 to $126.30, charting a 10% increase in price. In the process, LTC/USD has charted its highest price since June 2018. Looking at the hourly chart, it can be seen that LTC/USD was horizontally trending for a bit, as the price shot up from $115.35 to $125 within an hour. Following the sudden surge, the price trended horizontally again.

LTC/USD daily chart

• The price is currently trending right on the upper curve of the 20-day Bollinger band.
• The price is trending above all the 200-day simple moving average (SMA 200), SMA 50 and SMA 20 curves.
• Over the day, the price managed to break past resistance levels at $125.35, $124 and $119.
• The moving average convergence/divergence (MACD) has had a bullish sign after six straight bearish sessions.
• The Elliot Oscillator has had three straight bullish sessions.