Litecoin Intraday Price Analysis: Bullish move runs out of steam at technical resistance

  • Litecoin trades 1.43% higher as crypto sentiment improves today.
  • The price hit a resistance zone at the top of the rising wedge formation.

LTC/USD 10-Min Chart

Litecoin has been moving higher today and broke out of the 44.08 resistance zone.

Now the level has been broken the price has consolidated between 44.52 and 44.13.

A break higher would certainly be good for the bull but the 44.91 resistance lies in wait.

On the downside, the old 44.52 resistance level could become support the but major low is still at 42.84.

Like many of the other major crypto's be wary as the market is still in a long term downtrend.


Additional Levels


Today last price 44.3394
Today Daily Change 0.6495
Today Daily Change % 1.49
Today daily open 43.6899
Daily SMA20 45.8154
Daily SMA50 53.1714
Daily SMA100 57.8244
Daily SMA200 80.5963
Previous Daily High 44.0801
Previous Daily Low 42.8434
Previous Weekly High 48.5063
Previous Weekly Low 43.8063
Previous Monthly High 66.2492
Previous Monthly Low 42.351
Daily Fibonacci 38.2% 43.6077
Daily Fibonacci 61.8% 43.3158
Daily Pivot Point S1 42.9955
Daily Pivot Point S2 42.301
Daily Pivot Point S3 41.7587
Daily Pivot Point R1 44.2322
Daily Pivot Point R2 44.7745
Daily Pivot Point R3 45.469



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.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Two healthy support levels are keeping BTC/USD above $9,000

After three immensely bullish days, the bears stepped back in to correct the BTC/USD market. This Tuesday, the buyers spiked BTC/USD from $8,890 to $9,401, before the bears adjusted the price to $9,330.45 in the early hours of Wednesday.

More Bitcoin News

Ethereum Classic Price Analysis: ETC/USD breaks past $11.50-level

ETC/USD charted four straight bullish days to go up from $8.44 to $11.65, going past the $11.50-level, in the process. The last time ETC/USD was trending around this level was back in September 2018.

More Ethereum Classic News

XRP/USD zooms above $0.24, breakout or bull trap?

Ripple price is sitting above the critical $0.24 following a surprise move the bulls made on the bears on Wednesday. The crypto has remained relatively bullish since the beginning of the week. 

More Ripple News

LTC/USD sustains gains within a rising channel, jumps above $60

Litecoin is among the cryptocurrencies struggling to sustain the gains accrued during the Asian session on Wednesday. The price zoomed past the $60 resistance towards the end of the Asian session on Tuesday. However, the momentum to the north ...

More Litecoin News


Bitcoin Weekly Forecast: Bitcoin bulls and bear fight gets a tougher edge

The cryptocurrency market started the downside correction after a strong rally initiated by risk reversal play at the beginning of January and reinforced by various altcoin pumps...

Read the weekly forecast