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Litecoin Price Analysis: LTC/USD breaks past resistance at SMA 20

  • The MACD shows sustained bullish momentum.
  • The SMA 200 has touched the SMA 50 to chart the highly bearish death cross pattern.
Litecoin Price Analysis: LTC/USD breaks past resistance at SMA 20
Rajarshi MitraRajarshi MitraIndependent Analyst

LTC/USD daily chart

LTC/USD daily chart

LTC/USD bears stepped in to correct the price this Tuesday as it fell from $39.15 to $38.70. This followed a bullish Monday wherein LTC/USD went up from $37.20 to $39.15. The 20-day Bollinger Band has considerably narrowed, indicating decreasing price volatility. The SMA 200 has touched the SMA 50, to chart the heavily bearish death cross pattern. The Elliott Oscillator has had 15 straight green sessions, while the MACD shows sustained, albeit decreasing, bullish momentum.

Key Levels

LTC/USD

Overview
Today last price38.9088
Today Daily Change-0.0886
Today Daily Change %-0.23
Today daily open38.9974
 
Trends
Daily SMA2037.6879
Daily SMA5055.7105
Daily SMA10054.9907
Daily SMA20055.2047
 
Levels
Previous Daily High39.7771
Previous Daily Low37.1138
Previous Weekly High41.3987
Previous Weekly Low34.5587
Previous Monthly High84.4232
Previous Monthly Low56.6073
Daily Fibonacci 38.2%38.7597
Daily Fibonacci 61.8%38.1312
Daily Pivot Point S137.4817
Daily Pivot Point S235.9661
Daily Pivot Point S334.8184
Daily Pivot Point R140.1451
Daily Pivot Point R241.2928
Daily Pivot Point R342.8084


 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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