TRENDING:
Trade War
XAU/USD
Silver
EUR/USD
GBP/USD
USD/CAD
AUD/USD
Sponsored by
Login
|

Litecoin Price Analysis: LTC/USD giving up $40 again could be very punishing

  • Litecoin price is trading in positive territory by 0.50 % in the session on Tuesday. 
  • LTC/USD at risk of another fall, following critical flag breach. 
  • The price breached the noted daily flag and has retested, leaving the door open to the bears. 
Litecoin Price Analysis: LTC/USD giving up $40 again could be very punishing
Ken ChigboKen ChigboIndependent Analyst

LTC/USD daily chart

A daily breakout and retest of a flag pattern, which leaves the door open to greater downside pressure. 

LTC/USD 60-minute chart

A near-term flag structure is observed via the 60-minute, at risk of a breakout to the downside. 

Spot rate:               40.61

Relative change:  +0.50%

High:                      41.08

Low:                       40.14

LTC/USD

Overview
Today last price40.5982
Today Daily Change0.3148
Today Daily Change %0.78
Today daily open40.2834
 
Trends
Daily SMA2042.2136
Daily SMA5043.1577
Daily SMA10054.7931
Daily SMA20052.6296
 
Levels
Previous Daily High43.3248
Previous Daily Low39.5557
Previous Weekly High43.767
Previous Weekly Low37.9812
Previous Monthly High63.9927
Previous Monthly Low24.9467
Daily Fibonacci 38.2%40.9955
Daily Fibonacci 61.8%41.885
Daily Pivot Point S138.7845
Daily Pivot Point S237.2855
Daily Pivot Point S335.0154
Daily Pivot Point R142.5536
Daily Pivot Point R244.8237
Daily Pivot Point R346.3226

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.

More from Ken Chigbo
Share:

Editor's Picks

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

FG Nexus, once dubbed an Ethereum treasury firm, resumed offloading the top altcoin on Wednesday, distributing 7,550 ETH, according to data from smart money tracker EmberCN.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.