Litecoin Price Analysis: LTC/USD bulls must break bearish price structure


  • Litecoin price is trading in positive territory by 1% in the session on Monday. 
  • LTC/USD is being capped by a large barrier seen at the $60 price mark. 
  • The bulls as seen across the other major altcoins have regained control. 

 

LTC/USD weekly chart

Price action via the weekly chart view has been within a bearish market structure. The bulls must break down the prior extreme high area in November up at around $60. 

LTC/USD daily chart

The daily chart view has seen a breakout and extension to the upside from a bullish flag structure. 

 

Spot rate:                 54.97

Relative change:    +5.50%

High:                        59.33

Low:                         55.86

LTC/USD

Overview
Today last price 59.2576
Today Daily Change 3.0885
Today Daily Change % 5.50
Today daily open 56.1691
 
Trends
Daily SMA20 53.9333
Daily SMA50 46.7542
Daily SMA100 50.4654
Daily SMA200 63.5832
 
Levels
Previous Daily High 56.5895
Previous Daily Low 52.8193
Previous Weekly High 62.4609
Previous Weekly Low 50.6584
Previous Monthly High 48.5063
Previous Monthly Low 35.9836
Daily Fibonacci 38.2% 55.1493
Daily Fibonacci 61.8% 54.2595
Daily Pivot Point S1 53.7958
Daily Pivot Point S2 51.4225
Daily Pivot Point S3 50.0256
Daily Pivot Point R1 57.5659
Daily Pivot Point R2 58.9628
Daily Pivot Point R3 61.3361

 

 

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