Litecoin Chart Analysis: LTC stuck between 21 and 50-DMAs, lacks clear directional bias

  • Battle lines well-defined for the LTC/USD traders on the daily chart.
  • A potential Doji candlestick charted with neutral RSI.
  • Litecoin awaits a strong catalyst to determine the next direction.

Following Friday’s solid rebound from multi-day lows of $123, Litecoin (LTC/USD) lacks a follow-through bias, as the bulls and bears get into a tug-of-war this Saturday.

At the press time, the digital asset trades little changed on the day near the $137 region, unable to find a clear direction while awaiting a fresh impetus to break through the recent trading range.

LTC/USD: Range play likely to extend

LTC/USD: Daily chart

LTC/USD has formed a potential Doji candlestick on the daily timeframe after Friday’s bounce, suggesting that the price in search of a clear direction for its next move.

The price wavers between the 21-day moving average (DMA) and 50-DMA, with the 14-day Relative Strength Index trading flat at the midline. The technical picture, therefore, points to indecision.

Only a convincing break above the 21-DMA barrier at $152 could revive the recovery momentum from eleven-day lows.

Meanwhile, the sellers need acceptance below the 50-DMA at $124 to resume this week’s downward spiral from near $166 levels.

Should the selling pressure intensify, a breach of the $100 level becomes inevitable. The next significant support is aligned at the upward-sloping 100-DMA at $94.87.

LTC/USD: Additional levels to consider


Today last price 136.8280
Today Daily Change -1.0957
Today Daily Change % -0.79
Today daily open 137.9235
Daily SMA20 152.9622
Daily SMA50 122.8959
Daily SMA100 93.9981
Daily SMA200 72.5877
Previous Daily High 141.955
Previous Daily Low 122.8396
Previous Weekly High 166.1888
Previous Weekly Low 122.8396
Previous Monthly High 139.2186
Previous Monthly Low 70.0602
Daily Fibonacci 38.2% 134.6529
Daily Fibonacci 61.8% 130.1417
Daily Pivot Point S1 126.5237
Daily Pivot Point S2 115.1239
Daily Pivot Point S3 107.4083
Daily Pivot Point R1 145.6392
Daily Pivot Point R2 153.3548
Daily Pivot Point R3 164.7546



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Weekly Forecast: BTC price surges despite threat of crash to $36k

Bitcoin price shows lackluster performance after the recent crash, giving rise to the credibility of the run-up to $50,000. As the September 24 daily candlestick bathes in red, the chances of an uptrend continue to diminish.

More Bitcoin news

XLM Price Prediction: Stellar traps bulls as it targets $0.195

Since Wednesday, the Stellar (XLM) price has been paring back losses, but price action has already started to fade on XLM. Bulls cannot push the price above $0.30, and XLM price has startedto form a bull trap.

More Stellar Lumens News

Polkadot Price Prediction: DOT will hit $40 by October

Polkadot (DOT) bears are scrambling to cash in on their profits as price action for DOT reverses quite rapidly, with bulls overtaking control and pushing price action back toward levels achieved before the correction began. 

More Polkadot News

PBoC imposes ban on crypto trading as it fosters ‘illegal financial activity’

China’s central bank cracks down on illegal financial activities from overseas cryptocurrency exchanges. The recent announcement marks the People’s Bank of China's (PBoC) strongest move against cryptocurrency mining and trading to date. 

More Cryptocurrencies News


Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast