• 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.

Litecoin Ascending Triangle

Additional levels

LTC/USD

Overview
Today last price 38.892
Today Daily Change -1.8116
Today Daily Change % -4.45
Today daily open 40.7036
 
Trends
Daily SMA20 42.9278
Daily SMA50 59.8865
Daily SMA100 55.0361
Daily SMA200 56.0743
 
Levels
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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