Litecoin Price Analysis: LTC/USD marks 6% loss on failures to cross 50-day EMA


  • LTC/USD registers heavy declines after failing to cross the key resistances.
  • 21-day EMA, short-term rising trend line limit further downside.
  • 50% Fibonacci retracement, 200-day EMA on the buyers’ radars beyond 50-day EMA.

Having failed to take out 50-day EMA, LTC/USD slumps 6.0% to currently around 43.66 amid the early Good Friday.

The pair currently drops towards a 21-day EMA level of 42.58 whereas an ascending trend line from March 16, near 41.50, could restrict the pair’s further declines.

Should there be a clear break below 41.50, 40.00 and 23.6% Fibonacci retracement of the pair’s February-March downside, at 39.00, will be luring the sellers.

On the flip side, a 38.2% Fibonacci retracement level of 47.67 will act as an extra filter to the pair’s upside attempts beyond a 50-day EMA level of 46.85.

In a case where the bulls manage to remain strong beyond 47.67, 50% Fibonacci retracement near 54.70 and 56.45, comprising 200-day EMA, will be important to watch.

LTC/USD daily chart

Trend: Pullback expected

Additional important levels

Overview
Today last price 43.6639
Today Daily Change -2.6366
Today Daily Change % -5.69%
Today daily open 46.3005
 
Trends
Daily SMA20 40.4863
Daily SMA50 48.7945
Daily SMA100 55.0871
Daily SMA200 53.7114
 
Levels
Previous Daily High 46.8982
Previous Daily Low 44.7019
Previous Weekly High 43.0368
Previous Weekly Low 37.0298
Previous Monthly High 63.9927
Previous Monthly Low 24.9467
Daily Fibonacci 38.2% 45.5409
Daily Fibonacci 61.8% 46.0592
Daily Pivot Point S1 45.0355
Daily Pivot Point S2 43.7705
Daily Pivot Point S3 42.8391
Daily Pivot Point R1 47.2318
Daily Pivot Point R2 48.1632
Daily Pivot Point R3 49.4282

 

 

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