TRENDING:

GBP/USD

XAU/USD

Litecoin Price Analysis: LTC/USD bulls are here to stay with $50 the game-changing barrier in sight

Litecoin price is trading in positive territory by 3.35 % in the session on Monday.
LTC/USD narrowing has been observed as the price consolidates.
There is a critical area of resistance just ahead at $45-46, a gateway for the $50 return.

Ken Chigbo Independent Analyst

LTC/USD weekly chart

The bulls forced another closure in the green for the week, making it five consecutive.

LTC/USD daily chart

The price has been enjoying a consecutive run higher, however, has seen some narrowing over the last going on three sessions. It could very well be consolidation ahead of further bull commitment. The upside barriers to note are $45-46 and then $50. There does, however, remain the small risk of a daily flag structure.

Spot rate: 43.41

Relative change: -2.35%

High: 45.25

Low: 43.20

LTC/USD

Overview
Today last price	43.5794
Today Daily Change	-1.0456
Today Daily Change %	-2.34
Today daily open	44.625

Trends
Daily SMA20	42.8601
Daily SMA50	40.9631
Daily SMA100	54.0243
Daily SMA200	52.2421

Levels
Previous Daily High	45.3822
Previous Daily Low	43.8111
Previous Weekly High	44.9877
Previous Weekly Low	39.5557
Previous Monthly High	63.9927
Previous Monthly Low	24.9467
Daily Fibonacci 38.2%	44.782
Daily Fibonacci 61.8%	44.4113
Daily Pivot Point S1	43.8301
Daily Pivot Point S2	43.0351
Daily Pivot Point S3	42.259
Daily Pivot Point R1	45.4011
Daily Pivot Point R2	46.1772
Daily Pivot Point R3	46.9721

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

LTC/USD weekly chart

LTC/USD daily chart

LTC/USD

Legal Text

Markets move fast. We move first.

Editor's Picks