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


Today last price 73.7569
Today Daily Change -6.0422
Today Daily Change % -7.57
Today daily open 79.7991
Daily SMA20 75.4156
Daily SMA50 64.0148
Daily SMA100 54.5074
Daily SMA200 60.1642
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



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