Home Litecoin technical analysis: LTC/USD narrowing conditions call for breakout
Crypto News

Litecoin technical analysis: LTC/USD narrowing conditions call for breakout

  • Litecoin price is holding minor gains in the session some 0.70%.  
  • LTC/USD is moving within a very narrowing range-block structure, edging towards a breakout.  
  • Price action is capped to the upside at $58 and supported the downside at $54.

 

LTC/USD daily chart

Over the last 10 sessions, the price has been stuck within a range of $4, an imminent range escape is eyed.  

LTC/USD 60-minute chart

The price via the 60-minute view is moving within a very tight range-block, a lack of commitment  as the price consolidates.  

 

Spot rate:                   56.82

Relative change:       +0.70%

High:                          57.25

Low:                           55.37

 

 

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.