Litecoin Technical Analysis: LTC/USD bull breakout eyed from flag formation
05/16/2019, 04:53:18
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Spot rate: 79.44 Relative change: -1.95% High: 82.29 Low: 78.92 LTC/USD 60-minute chart Price action is narrowing greatly within a triangular structur

  • Litecoin price on Wednesday is underperforming, nursing losses of some 2% in the second half of the session. 
  • LTC/USD price action has formed a bullish flag pattern formation, subject to a breakout. 
  • The bulls have managed to push the price its highest level in over six sessions. 
  • Litecoin price on Wednesday is underperforming, nursing losses of some 2% in the second half of the session. 
  • Litecoin price on Wednesday is underperforming, nursing losses of some 2% in the second half of the session. 
  • LTC/USD price action has formed a bullish flag pattern formation, subject to a breakout. 
  • LTC/USD price action has formed a bullish flag pattern formation, subject to a breakout. 
  • The bulls have managed to push the price its highest level in over six sessions. 
  • The bulls have managed to push the price its highest level in over six sessions. 

    Spot rate:                  79.44

    Relative change:      -1.95%

    High:                         82.29 

    Low:                          78.92

     

     

    LTC/USD 60-minute chart

    LTC/USD 60-minute chartLTC/USD 60-minute chart
    • Price action is narrowing greatly within a triangular structure seen via the 60-minute chart view. 
  • Price action is narrowing greatly within a triangular structure seen via the 60-minute chart view. 
  • Price action is narrowing greatly within a triangular structure seen via the 60-minute chart view. 

    LTC/USD daily chart

    LTC/USD daily chartLTC/USD daily chart
    • Over the last week or so price action has been within consolidation mode, having formed a bullish flag pattern formation, subject to a potential breakout higher. 
  • Over the last week or so price action has been within consolidation mode, having formed a bullish flag pattern formation, subject to a potential breakout higher. 
  • Over the last week or so price action has been within consolidation mode, having formed a bullish flag pattern formation, subject to a potential breakout higher.