TRENDING:
EUR/USD
GBP/USD
XAU/USD
Trade War
USD/CAD
AUD/USD
Sponsored by
Login
|

Litecoin Price Analysis: LTC/USD huge bear flag retest

  • Litecoin price is trading in positive territory by+7.80 % in the session on Wednesday. 
  • LTC/USD encountered explosive buying down at $38.50, an unexpected surge. 
  • The price managed to print fresh highs for the week, following the jump north. 
Litecoin Price Analysis: LTC/USD huge bear flag retest
Ken ChigboKen ChigboIndependent Analyst

LTC/USD daily chart

The bulls will need to break back above the breached bear flag to void the downside bias. 

LTC/USD 60-minute chart

The buying came into play down at the lowest levels that were seen since 1 April, it very much came as a surprise and not even so much bouncing off any key support. 

Spot rate:               42.36

Relative change:  +7.80%

High:                      43.76

Low:                       37.98

LTC/USD

Overview
Today last price42.4853
Today Daily Change3.1867
Today Daily Change %8.11
Today daily open39.2986
 
Trends
Daily SMA2041.2535
Daily SMA5044.8875
Daily SMA10055.0258
Daily SMA20052.9565
 
Levels
Previous Daily High41.7775
Previous Daily Low39.1393
Previous Weekly High47.6578
Previous Weekly Low39.9638
Previous Monthly High63.9927
Previous Monthly Low24.9467
Daily Fibonacci 38.2%40.1471
Daily Fibonacci 61.8%40.7697
Daily Pivot Point S138.3661
Daily Pivot Point S237.4335
Daily Pivot Point S335.7278
Daily Pivot Point R141.0043
Daily Pivot Point R242.7101
Daily Pivot Point R343.6426

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

More from Ken Chigbo
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Crypto market outlook for 2026

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe recover, echoing Bitcoin rebound

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe recover, echoing Bitcoin rebound

Dogecoin, Shiba Inu, and Pepe are trading mixed as Bitcoin records minor gains on Monday, warming sentiment across the broader cryptocurrency market. Still, the incipient recovery in Dogecoin, Shiba Inu, and Pepe remains fragile amid the prevailing downtrend.

Bitcoin consolidates as downside risks persist

Bitcoin consolidates as downside risks persist

Bitcoin has made only three wave rallies from the November lows, which is one of the most important indications that more weakness may still lie ahead.

Polkadot's (DOT) dips, with token underperforming wider crypto markets

Polkadot's (DOT) dips, with token underperforming wider crypto markets

DOT $1.8269 fell 2% to $1.84 over the last 24 hours. Trading volumes were 7.8% above the seven-day moving average at 7.76 million tokens, according to CoinDesk Research's technical analysis model.

Orange Juice Newsletter – Smart insights by real people. Every day.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.