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Litecoin Price Analysis: LTC/USD has broken out of an intraday chart pattern

  • Litecoin trades 2.33% higher on Tuesday as cryptocurrency sentiment improves.
  • This move could price the pullback over the last few days was just a blip.
Litecoin Price Analysis: LTC/USD has broken out of an intraday chart pattern
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

LTC/USD 1-Hour Chart

Litecoin is breaking higher today like much of the other cryptos on Tuesday.

The sell-side volume is still much larger so we would need a pick up to ensure the market is behind this move.

At the moment 70.00 seems to be a good area of support for LTC/USD and a break of the 77.30 resistance would be a good sign for the bulls.

On the daily chart, the shadows (wicks) at the bottom of the candles indicate the buyers are stepping back in.

The level that needs to be taken out on the higher timeframe is 84.50.

Litecoin

Additional Levels

LTC/USD

Overview
Today last price75.5522
Today Daily Change2.1365
Today Daily Change %2.91
Today daily open73.4157
 
Trends
Daily SMA2073.4086
Daily SMA5060.0875
Daily SMA10053.7531
Daily SMA20060.786
 
Levels
Previous Daily High75.4404
Previous Daily Low68.69
Previous Weekly High84.4232
Previous Weekly Low72.4372
Previous Monthly High70.0854
Previous Monthly Low38.7677
Daily Fibonacci 38.2%71.2686
Daily Fibonacci 61.8%72.8617
Daily Pivot Point S169.5903
Daily Pivot Point S265.765
Daily Pivot Point S362.84
Daily Pivot Point R176.3407
Daily Pivot Point R279.2657
Daily Pivot Point R383.091

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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