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  • Litecoin price on Tuesday one of the outperformers, holding gains of some 3%.  
  • LTC/USD price action via the 60-minute chart view has formed a bullish pennant pattern.  
  • An ascending channel formation can be observed via the daily chart view.  


Spot rate:                  56.72

Relative change:       +3.03%

High:                         56.89

Low:                          56.08

       Daily SMA20:  50.5426
       Daily SMA50:  42.2454
       Daily SMA100:  36.3821
       Daily SMA200:  44.5289
       Previous Daily High:  57.4
       Previous Daily Low:  54.1298
       Previous Weekly High:  59.5887
       Previous Weekly Low:  45.1089
       Previous Monthly High:  53.9838
       Previous Monthly Low:  30.8359
       Daily Fibonacci 38.2%:  55.379
       Daily Fibonacci 61.8%:  56.1508
       Daily Pivot Point S1:  53.8346
       Daily Pivot Point S2:  52.3471
       Daily Pivot Point S3:  50.5643
       Daily Pivot Point R1:  57.1048
       Daily Pivot Point R2:  58.8875
       Daily Pivot Point R3:  60.375

   LTC/USD 60-minute chart

  • Price action moving within a pennant pattern structure, subject to a potential extended move north.  

LTC/USD daily chart

  • Bulls are attempting to breakdown chunky near-term supply heading into the $60 price territory.