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Litecoin Price Analysis: LTC/USD vulnerabilities tilted to the downside as price trades under bear flag

  • Litecoin price is trading in negative territory by 0.95% in the session on Monday. 
  • LTC/USD pressure is back on to the downside, after the exponential gains on Thursday. 
  • The next major area of support will be eyed back down at the $40 mark.

 

LTC/USD weekly chart

The bulls have been pushing the price to the upside for five consecutive weeks now. The next major weekly resistance should be noted at $50.

LTC/USD daily chart

Price action is moving within consolidation mode, following a bearish flag breakout and retest, so far continuing to reject. 

Spot rate:               41.95

Relative change:  -0.95%

High:                      43.32

Low:                       40.88

LTC/USD

Overview
Today last price 41.9162
Today Daily Change -0.3688
Today Daily Change % -0.87
Today daily open 42.285
 
Trends
Daily SMA20 42.1582
Daily SMA50 43.5065
Daily SMA100 54.8837
Daily SMA200 52.7091
 
Levels
Previous Daily High 44.3546
Previous Daily Low 41.5595
Previous Weekly High 43.767
Previous Weekly Low 37.9812
Previous Monthly High 63.9927
Previous Monthly Low 24.9467
Daily Fibonacci 38.2% 42.6273
Daily Fibonacci 61.8% 43.2869
Daily Pivot Point S1 41.1115
Daily Pivot Point S2 39.938
Daily Pivot Point S3 38.3165
Daily Pivot Point R1 43.9066
Daily Pivot Point R2 45.5281
Daily Pivot Point R3 46.7016

 

 

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