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Litecoin Price Analysis: LTC/USD bulls revive but but break above deadly evening star

  • Litecoin price is trading in positive territory by 3.20% in the session on Tuesday. 
  • LTC/USD produced a daily evening star formation in the session of 9 February. 
  • A bearish closed was observed on Monday, as a follow on from the noted evening star. 
Litecoin Price Analysis: LTC/USD bulls revive but but break above deadly evening star
Ken ChigboKen ChigboIndependent Analyst

LTC/USD daily chart

The price hit a strong barrier of resistance ahead of $80, a top area seen in September 2019. 

LTC/USD 60-minute chart

Price action managed to break free from a bearish pennant structure, inviting further upside pressure. 

Spot rate:                73.29

Relative change:    +3.20%

High:                        76.82

Low:                         72.54

LTC/USD

Overview
Today last price76.3678
Today Daily Change2.3262
Today Daily Change %3.14
Today daily open74.0416
 
Trends
Daily SMA2065.8414
Daily SMA5054.9121
Daily SMA10052.5419
Daily SMA20061.2584
 
Levels
Previous Daily High77.4314
Previous Daily Low72.4372
Previous Weekly High75.4068
Previous Weekly Low66.6241
Previous Monthly High70.0854
Previous Monthly Low38.7677
Daily Fibonacci 38.2%74.345
Daily Fibonacci 61.8%75.5236
Daily Pivot Point S171.8421
Daily Pivot Point S269.6425
Daily Pivot Point S366.8479
Daily Pivot Point R176.8362
Daily Pivot Point R279.6309
Daily Pivot Point R381.8304

Author

Ken Chigbo

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.

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