LTC/USD bulls need to capitalize now on bullish flag structure

  • Litecoin price on Tuesday is trading in very minor positive territory, small gains of just some 0.20%.
  • LTC/USD via the daily broke out earlier in the week from a bullish flag structure, however a lack of capitalizing on this as of yet.
  • The next major upside target for the bulls remains the psychological $100 level. 

 

Spot rate:                  75.80

Relative change:      +0.20%

High:                         79.51

Low:                          74.64

LTC/USD 60-minute chart

  • The bears smashed a key supporting ascending trend line, which invited a wave of selling upon the breach.

LTC/USD daily chart

  • Price action via the daily has broken out from a bullish flag pattern formation, however yet to capitalise on this. 

 

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