Litecoin Price Analysis: LTC/USD bulls making a trend defining break above last week’s high area


  • Litecoin price is trading in positive territory by 13.50% in the session on Thursday. 
  • LTC/USD has been pushing higher more or less for the last five sessions. 
  • The bulls are making a break above the high of last week, which could be inviting for further buyers. 

LTC/USD daily chart

The high print last week was seen at $63, a daily closure above would be likely see further buying momentum.

LTC/USD 60-minute chart

Price action is breaking out to the upside from a bullish flag structure via the 60-minute. 

 

Spot rate:                 59.73

Relative change:    +13.50%

High:                        68.81

Low:                         58.15

LTC/USD

Overview
Today last price 67.2072
Today Daily Change 7.5366
Today Daily Change % 12.63
Today daily open 59.6706
 
Trends
Daily SMA20 56.0507
Daily SMA50 47.6422
Daily SMA100 50.631
Daily SMA200 62.7211
 
Levels
Previous Daily High 62.379
Previous Daily Low 59.3716
Previous Weekly High 62.4609
Previous Weekly Low 50.6584
Previous Monthly High 48.5063
Previous Monthly Low 35.9836
Daily Fibonacci 38.2% 60.5204
Daily Fibonacci 61.8% 61.2302
Daily Pivot Point S1 58.5684
Daily Pivot Point S2 57.4663
Daily Pivot Point S3 55.561
Daily Pivot Point R1 61.5759
Daily Pivot Point R2 63.4812
Daily Pivot Point R3 64.5833

 

 

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


Latest Crypto News & Analysis

Editors’ Picks

Bitcoin: Bull rally remains strong in the long-term according to technicals

Bitcoin price has been extremely volatile in the past week. MicroStrategy has continued to accumulate even more BTC despite the fall in prices. Bitcoin's rally remains strong as the digital asset continues to defend critical support level. 

More Bitcoin News

Ripple needs to crack critical 21-DMA for a rally towards $0.60

XRP/USD in search of a fresh direction while ranging between 21 and 50-DMAs. The No. 7 coin forms higher highs on the 1D chart, suggesting a potential upside break. RSI trades flat at the midline, the bulls need to crack only this one barrier at $0.4905.

More Ripple News

Cardano: Rejection at 100-HMA calls for a test of the $1 mark

Cardano (ADA/USD) extends Friday’s sell-off, as the bearish momentum picks up pace on Saturday, with deeper losses likely on the cards. The fourth most widely traded crypt currency has lost 19% of its value over the past seven trading sessions.

More Cardano News

Ethereum: Primed for swift recovery as the network prepares for a major update in July

Ethereum price aims for a significant recovery towards $2,000. A major upgrade scheduled for July intends to fix the problem with gas fees on Ethereum. ETH miners are not happy with the decision.

More Ethereum News

BEST CRYPTO BROKERS/EXCHANGES




Bitcoin Weekly Forecast: BTC journey to $100,000 might be easier than expected

This past week has been extremely beneficial for Bitcoin which jumped by 30% since Monday 8. Several positive announcements, especially Tesla purchasing $1.5 billion worth of the digital asset propelled the flagship cryptocurrency to new highs.

Read the weekly forecast

BTC

ETH

XRP