• Litecoin is trading nearly 1% higher as crypto sentiment remains firm.
  • The 55 Exponential Moving Average (EMA) has been used to great effect in the fast. 

LTC/USD daily chart

Litecoin is having a good session on Thursday and trades almost 1% higher on the session. The main feature on the chart below is the fact that the price is heading toward the 55 EMA once again. Historically the price has reacted well and the EMA has been used as support and resistance many times. 

The MACD is also looking more positive and the histogram looks like it's about to move above the zero line. The signal lines are also above the zero level which is also a bullish sign. The Relative Strength Index is also looking more positive as it has moved have the 50 mid-line and there is lots of space to move to the upside. Technically this is still a firm downtrend but we will need to see how far this correction can carry the pair. 

Litecoin 55 EMA

Additional levels

LTC/USD

Overview
Today last price 44.2797
Today Daily Change 0.4064
Today Daily Change % 0.93
Today daily open 43.8733
 
Trends
Daily SMA20 43.7414
Daily SMA50 44.0662
Daily SMA100 46.982
Daily SMA200 50.3676
 
Levels
Previous Daily High 43.993
Previous Daily Low 42.253
Previous Weekly High 47.0866
Previous Weekly Low 41.5866
Previous Monthly High 50.8723
Previous Monthly Low 37.1813
Daily Fibonacci 38.2% 43.3283
Daily Fibonacci 61.8% 42.9177
Daily Pivot Point S1 42.7532
Daily Pivot Point S2 41.6331
Daily Pivot Point S3 41.0132
Daily Pivot Point R1 44.4932
Daily Pivot Point R2 45.1131
Daily Pivot Point R3 46.2332

 

 

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