• Litecoin is trading 2.41% higher on Friday and is looking to break out of an intraday technical pattern.
  • Bulls will be looking to target the recent high of 84.50 for the trend to continue higher.

LTC/USD Daily Chart

Litecoin has consolidated between 84.50 and 78.25.

Now the price looks like it will break out of the red trendline on the chart below.

Bulls will be looking to target the high of 84.50 for the trend to continue higher.

On the downside, a break of 78.60  would create a new wave low but the price looks to be moving in the opposite direction.

Litecoin Analysis

Additional Levels

LTC/USD

Overview
Today last price 82.5124
Today Daily Change 1.9793
Today Daily Change % 2.46
Today daily open 80.5331
 
Trends
Daily SMA20 69.4305
Daily SMA50 57.2634
Daily SMA100 53.1756
Daily SMA200 61.0626
 
Levels
Previous Daily High 84.4232
Previous Daily Low 77.2513
Previous Weekly High 75.4068
Previous Weekly Low 66.6241
Previous Monthly High 70.0854
Previous Monthly Low 38.7677
Daily Fibonacci 38.2% 79.991
Daily Fibonacci 61.8% 81.6835
Daily Pivot Point S1 77.0486
Daily Pivot Point S2 73.5641
Daily Pivot Point S3 69.8768
Daily Pivot Point R1 84.2204
Daily Pivot Point R2 87.9077
Daily Pivot Point R3 91.3922

 

 

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 & Analysis

Editors’ Picks

Bitcoin Price Analysis: Bart Simpson pattern implies BTC price manipulations

Bitcoin volatility jumped to November 2019 high amid a sudden price collapse during US trading hours on Wednesday. Bloomberg reports that amid the price decline, 10-days volatility surged to 65%, while the 30-days volatility in the highest since January 28 at 35.40%.

More Bitcoin News

Ethereum Price Analysis: ETH/USD creates double-top formation, risks further sell-off

Ethereum (ETH) now the second-largest digital asset with the current market value of $28.3 billion, has lost nearly 8% in recent 24 hours to trade at $256.0 at the time of writing.

More Ethereum News

LTC/USD breakdown could test $65 ahead of recovery to $100

Litecoin has been posting frequent gains ever since the price broke above the long term resistance trendline that started in June 2019. The recovery has also remained within the confines of an ascending channel.

More Litecoin News

Bitcoin Cash Price Analysis: BCH/USD desperately searches for support, breakdown to $350 looms

The cryptocurrency assets suffered another massacre on Wednesday during the American session. The mid-week recovery posted on Tuesday through to Wednesday turned out to be a bull trap.

More Litecoin News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC bulls brace for jump to $11,000

Bitcoin (BTC) has been growing for three weeks in a row. The first cryptocurrency hit $10,504 on Thursday - the highest level of 2020.

Read the weekly forecast

BTC

ETH

XRP