• Litecoin trades 7.7% higher on Monday as crypto sentiment remains positive. 
  • LTC/USD could not break 40.00 as it was a step too far for the bulls.

LTC/USD 1-hour chart

Litecoin has had a good start to the week as LTC/USD pushed over 7% higher. Most of the major cryptocurrencies are higher but LTC/USD is the second-best performing major after Bitcoin. Since the heave falls seen between the 24th February and 12th March the price has consolidated between 25.00 and 43.97. Can the bull break out of this zone?

Looking closer at the chart, the blue psychological 40.00 level is now the closest resistance. In terms of support levels, the red horizontal line just above 34.50 is now prominent. On a bigger scale, 30.00 looks strong as the next support zone. But the bears would need to regain control to push the price there. Longer term the trend is still down until 43.97 is broken so be careful if you are counter trend trading.

Litecoin price break

Additional levels

LTC/USD

Overview
Today last price 38.1465
Today Daily Change 2.7079
Today Daily Change % 7.64
Today daily open 35.4386
 
Trends
Daily SMA20 45.0065
Daily SMA50 61.0763
Daily SMA100 55.1063
Daily SMA200 56.3572
 
Levels
Previous Daily High 39.6976
Previous Daily Low 34.8603
Previous Weekly High 43.9228
Previous Weekly Low 29.277
Previous Monthly High 84.4232
Previous Monthly Low 56.6073
Daily Fibonacci 38.2% 36.7081
Daily Fibonacci 61.8% 37.8497
Daily Pivot Point S1 33.6334
Daily Pivot Point S2 31.8282
Daily Pivot Point S3 28.7961
Daily Pivot Point R1 38.4707
Daily Pivot Point R2 41.5028
Daily Pivot Point R3 43.308

 

 

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