- Litecoin trades over 4% lower on the session as sentiment takes a dip.
- The price has moved into an ascending triangle chart pattern.
LTC/USD 4-hour chart
Litecoin has been in a serious downtrend for a while now. On the chart below the price has moved from above 80 down to below just 25. The good news for the bulls is that the price moved above the 55 EMA. On the other hand, the 40.00 psychological level has been a tough nut to crack and the price is currently just under that level.
interestingly, LTC/USD has been making higher lows but the top of the pattern has been static at 43.97. It seems now the price has moved lower into the red trendline. If this breaks then it would be a signal that the trend might continue in a downward direction. If that is the case the 30.00 psychological level could be the next target for the bears.
|Today last price||38.892|
|Today Daily Change||-1.8116|
|Today Daily Change %||-4.45|
|Today daily open||40.7036|
|Previous Daily High||41.0418|
|Previous Daily Low||38.397|
|Previous Weekly High||43.9228|
|Previous Weekly Low||29.277|
|Previous Monthly High||84.4232|
|Previous Monthly Low||56.6073|
|Daily Fibonacci 38.2%||40.0315|
|Daily Fibonacci 61.8%||39.4073|
|Daily Pivot Point S1||39.0532|
|Daily Pivot Point S2||37.4027|
|Daily Pivot Point S3||36.4084|
|Daily Pivot Point R1||41.6979|
|Daily Pivot Point R2||42.6922|
|Daily Pivot Point R3||44.3426|
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