LTC/USD bulls heading for game changing flag retest

  • Litecoin price is trading in positive territory by 3.35 % in the session on Thursday. 
  • LTC/USD has extended to the upside, following the strong gains that come into play on Wednesday. 
  • The price is set for another critical test of a big area of resistance just ahead at $45-46.

 

LTC/USD daily chart

Bulls will now be pushing for a retest of the breached daily flag structure, the original breakout was observed on 13 April and a retest on 18 April.

 

LTC/USD 60-minute chart

Price action smashed out to the upside from a bull flag structure, inviting a fresh wave of upside momentum. 

 

Spot rate:               43.41

Relative change:  +3.35%

High:                      44.00

Low:                       41.03