Litecoin Price Analysis: LTC/USD currently sandwiched between the SMA 20 and SMA 50 curves

LTC/USD had a bearish start to Thursday, as price consolidates below $44.
The Elliott Oscillator shows six straight red sessions.
LTC/USD faces strong resistance levels at SMA 50, $44.50 and $45.80.

Rajarshi Mitra Independent Analyst

LTC/USD daily chart

LTC/USD fell from $43.87 to $43.67 in the early hours of Thursday and is currently sandwiched between SMA 20 and SMA 50. The Elliott Oscillator has had six straight red sessions. The signal line has touched the MACD line, which indicates a reversal of bearish market momentum.

LTC/USD faces strong resistance levels at SMA 50, $44.50 and $45.80. On the downside, healthy support levels lie at SMA 20, $42.75 and $40.63.

Key levels

LTC/USD

Overview
Today last price	43.7546
Today Daily Change	-0.1187
Today Daily Change %	-0.27
Today daily open	43.8733

Trends
Daily SMA20	43.7414
Daily SMA50	44.0662
Daily SMA100	46.982
Daily SMA200	50.3676

Levels
Previous Daily High	43.993
Previous Daily Low	42.253
Previous Weekly High	47.0866
Previous Weekly Low	41.5866
Previous Monthly High	50.8723
Previous Monthly Low	37.1813
Daily Fibonacci 38.2%	43.3283
Daily Fibonacci 61.8%	42.9177
Daily Pivot Point S1	42.7532
Daily Pivot Point S2	41.6331
Daily Pivot Point S3	41.0132
Daily Pivot Point R1	44.4932
Daily Pivot Point R2	45.1131
Daily Pivot Point R3	46.2332

Author

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.

Markets move fast. We move first.

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

Editor's Picks

Ripple holds $1.82 support as low retail demand weighs on the token

Ripple (XRP) is trading between a key support at $1.82 and resistance at $2.00 at the time of writing on Thursday, reflecting the lethargic sentiment in the broader cryptocurrency market.

Aster declines for fifth straight day despite buyback efforts

Aster trades under intense selling pressure, recording 3% loss at press time on Thursday. The perpetual-focused exchange resumed its Stage 4 buyback program on Wednesday and currently holds almost 52 million ASTER tokens.

Crypto Today: Bitcoin, Ethereum hold steady while XRP slides amid mixed ETF flows

Bitcoin eyes short-term breakout above $87,000, underpinned by a significant increase in ETF inflows. Ethereum defends support around $2,800 as mild ETF outflows suppress its recovery. XRP holds above at $1.82 amid bearish technical signals and persistent inflows into ETFs.

Bitcoin steadies near $87,000 as strong ETF inflows offset bearish pressure

Bitcoin is attempting to stabilize, holding near $87,000 on Thursday after this week’s pullback. Institutional demand shows signs of optimism, as US-listed spot Bitcoin Exchange-Traded Funds (ETFs) recorded fresh inflows of over $457 million on Wednesday.

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 daily chart

Key levels

LTC/USD

Legal Text

Markets move fast. We move first.

Editor's Picks