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Litecoin Price Analysis: LTC/USD pulls back but finds intraday support at 67.00

  • Litecoin has dropped 3.3% on Tuesday after crypto sentiment turned sour.
  • The LTC/USD 4-hour chart is showing signs of turning higher.
Litecoin Price Analysis: LTC/USD pulls back but finds intraday support at 67.00
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

LTC/USD 4-Hour Chart

The chart below is the LTC/USD 4-hour chart and the red lines represent a failure swing on the RSI.

This is when the price waves make a higher low but the indicator makes a lower low.

The next major support is at 62.50 and the resistance the bulls are eyeing is 73.33 which is the previous wave high.

On the bullish side, the price is still above the major trendline and 200 4-hour SMA.

LTC/USD technical analysis

Additional Levels

LTC/USD

Overview
Today last price67.249
Today Daily Change-2.2062
Today Daily Change %-3.18
Today daily open69.4552
 
Trends
Daily SMA2060.4541
Daily SMA5050.1857
Daily SMA10051.4643
Daily SMA20062.0045
 
Levels
Previous Daily High72.9511
Previous Daily Low68.3271
Previous Weekly High70.0854
Previous Weekly Low52.8193
Previous Monthly High70.0854
Previous Monthly Low38.7677
Daily Fibonacci 38.2%70.0934
Daily Fibonacci 61.8%71.1847
Daily Pivot Point S167.5379
Daily Pivot Point S265.6205
Daily Pivot Point S362.9139
Daily Pivot Point R172.1618
Daily Pivot Point R274.8684
Daily Pivot Point R376.7858

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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