Litecoin Price Analysis: LTC/USD heading for a critical supporting trend line test


  • Litecoin price is trading in negative territory by 7.30% in the session on Monday. 
  • LTC/USD is consolidating, which is making the price increasingly likely of a breakout. 
  • Critical support should be noted at $70, with upside capped at $84. 

 

LTC/USD weekly chart

Price action has done nothing over the last three weeks, very much narrowing, subject to a decent breakout. 

LTC/USD daily chart

The bulls are set to give up a three-session consecutive run higher, as the bears take control.

Spot rate:                9632.77

Relative change:    -7.30%

High:                        79.99

Low:                         73.11

LTC/USD

Overview
Today last price 73.7569
Today Daily Change -6.0422
Today Daily Change % -7.57
Today daily open 79.7991
 
Trends
Daily SMA20 75.4156
Daily SMA50 64.0148
Daily SMA100 54.5074
Daily SMA200 60.1642
 
Levels
Previous Daily High 80.5108
Previous Daily Low 74.7711
Previous Weekly High 80.6896
Previous Weekly Low 66.0609
Previous Monthly High 70.0854
Previous Monthly Low 38.7677
Daily Fibonacci 38.2% 78.3182
Daily Fibonacci 61.8% 76.9636
Daily Pivot Point S1 76.2098
Daily Pivot Point S2 72.6206
Daily Pivot Point S3 70.4701
Daily Pivot Point R1 81.9496
Daily Pivot Point R2 84.1001
Daily Pivot Point R3 87.6893

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Cardano Price Forecast: ADA targets 900% bull rally, but it must clear $0.33 first

Cardano had a significant rally towards $0.355 at the beginning of 2021. After a notable dip to $0.228, bulls bought it and managed to push Cardano price to $0.33 again before a small rejection.

More Cardano News

Ethereum price aims to flush out doubters before the ultimate breakout to $2,000

Ethereum bulls bought the dip on January 11, pushing the digital asset from a low of $915 towards $1,256. The smart-contracts giant has been outperforming Bitcoin in the past 24 hours despite the negativity seen on social media.

More Ethereum News

XLM Price Prediction: Stellar consolidates ahead of a 30% move

XLM price trades at $0.291 at the time of writing after a healthy consolidation after hitting a 2021-top at $0.411. There is a high chance that XLM is about to see a massive breakout or breakdown within the next 24 hours.

More XLM News

Bitcoin Weekly Forecast: BTC price faces extreme volatility ahead of a new all-time high

Bitcoin had a wild run this week, dropping from a high of $41,350 to a low of 30,420 in less than 48 hours. The panic sell-off was stopped on its tracks at the 26-EMA on the daily chart as bulls quickly bought the dip and created a V-Shape recovery pushing BTC towards $40,100 again. 

More Bitcoin News

BEST CRYPTO BROKERS/EXCHANGES




Bitcoin Weekly Forecast: BTC price faces extreme volatility ahead of a new all-time high

Bitcoin had a wild run this week, dropping from a high of $41,350 to a low of 30,420 in less than 48 hours. 

Read the weekly forecast

BTC

ETH

XRP