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Litecoin Price Analysis: LTC/USD bulls have room to run higher following flag breakout

  • Litecoin price is trading in positive territory by 1% in the session on Tuesday. 
  • LTC/USD extends to the north, three straight days in the green, following flag breach. 
  • Supply can be observed around the $62-64 price range. 

LTC/USD daily chart

Should the last week’s high area be broken down around $62, would likely encourage greater buying momentum. 

LTC/USD 60-minute chart

Price action is cooling within a bullish flag structure, subject to a potential breakout north. 

Spot rate:                 58.66

Relative change:    +0.30%

High:                        61.44

Low:                         58.10

 

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