Search ForexCrunch
  • Litecoin price trading with  modest gains of around 1% on Thursday, in the second half of the session.
  • LTC/USD daily price action has formed a bullish pennant pattern, subject to a potential breakout higher.

Spot rate:                  56.29

Relative change:       +0.95%

High:                         58.68

Low:                          53.71

       Daily SMA20:  51.1513
       Daily SMA50:  43.2659
       Daily SMA100:  36.8509
       Daily SMA200:  44.5307
       Previous Daily High:  57.2004
       Previous Daily Low:  54.9044
       Previous Weekly High:  59.5887
       Previous Weekly Low:  45.1089
       Previous Monthly High:  53.9838
       Previous Monthly Low:  30.8359
       Daily Fibonacci 38.2%:  55.7815
       Daily Fibonacci 61.8%:  56.3233
       Daily Pivot Point S1:  54.7539
       Daily Pivot Point S2:  53.6811
       Daily Pivot Point S3:  52.4579
       Daily Pivot Point R1:  57.0499
       Daily Pivot Point R2:  58.2732
       Daily Pivot Point R3:  59.346

LTC/USD 60-minute chart

  • Over the 60-minute chart  view  the price is moving within a large triangular pattern structure.  

LTC/USD daily chart

  • Price action is still moving within the confinements of a bullish pennant pattern.
  • The formation of the above-noted has been observed since 7th March, subject to a breakout.