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Litecoin Price Analysis: LTC/USD finds some support at 74.00

  • Litecoin is trading 7% lower on Monday but has bounced off its lows.
  • The LTC/USD pair has found support just ahead of the 61.8% Fibonacci level.
Litecoin Price Analysis: LTC/USD finds some support at 74.00
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

LTC/USD 1-Hour Chart

Litecoin has found some support after having a torrid start to the session on Monday.

There could be some resistance at 75.00 and 80.00 beyond that.

The volume has also picked up during this latest small buying spree.

This move lower could just be a deep retracement after a move higher.

On the daily chart, this does look like a lower high heading into some weakness.

Litecoin

Additional Levels

LTC/USD

Overview
Today last price73.9645
Today Daily Change-5.8346
Today Daily Change %-7.31
Today daily open79.7991
 
Trends
Daily SMA2075.4156
Daily SMA5064.0148
Daily SMA10054.5074
Daily SMA20060.1642
 
Levels
Previous Daily High80.5108
Previous Daily Low74.7711
Previous Weekly High80.6896
Previous Weekly Low66.0609
Previous Monthly High70.0854
Previous Monthly Low38.7677
Daily Fibonacci 38.2%78.3182
Daily Fibonacci 61.8%76.9636
Daily Pivot Point S176.2098
Daily Pivot Point S272.6206
Daily Pivot Point S370.4701
Daily Pivot Point R181.9496
Daily Pivot Point R284.1001
Daily Pivot Point R387.6893

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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