TRENDING:

GBP/USD

XAU/USD

Litecoin Price Analysis: LTC/USD vulnerabilities tilted to the downside as price trades under bear flag

Litecoin price is trading in negative territory by 0.95% in the session on Monday.
LTC/USD pressure is back on to the downside, after the exponential gains on Thursday.
The next major area of support will be eyed back down at the $40 mark.

Ken Chigbo Independent Analyst

LTC/USD weekly chart

The bulls have been pushing the price to the upside for five consecutive weeks now. The next major weekly resistance should be noted at $50.

LTC/USD daily chart

Price action is moving within consolidation mode, following a bearish flag breakout and retest, so far continuing to reject.

Spot rate: 41.95

Relative change: -0.95%

High: 43.32

Low: 40.88

LTC/USD

Overview
Today last price	41.9162
Today Daily Change	-0.3688
Today Daily Change %	-0.87
Today daily open	42.285

Trends
Daily SMA20	42.1582
Daily SMA50	43.5065
Daily SMA100	54.8837
Daily SMA200	52.7091

Levels
Previous Daily High	44.3546
Previous Daily Low	41.5595
Previous Weekly High	43.767
Previous Weekly Low	37.9812
Previous Monthly High	63.9927
Previous Monthly Low	24.9467
Daily Fibonacci 38.2%	42.6273
Daily Fibonacci 61.8%	43.2869
Daily Pivot Point S1	41.1115
Daily Pivot Point S2	39.938
Daily Pivot Point S3	38.3165
Daily Pivot Point R1	43.9066
Daily Pivot Point R2	45.5281
Daily Pivot Point R3	46.7016

Author

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.

Markets move fast. We move first.

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

Editor's Picks

Aave Price Forecast: AAVE primed for breakout as bullish signals strengthen

Aave (AAVE) price is trading above $204 at the time of writing on Friday and approaching the upper boundary of its descending parallel channel; a breakout from this structure would favor the bulls.

Meme Coins Price Prediction: DOGE, SHIB, PEPE stall amid warming retail demand

Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), struggle to regain strength as the broader cryptocurrency market recovers. Derivatives data reveals fresh retail demand as Open Interest of DOGE, SHIB, and PEPE futures surge.

Terraform Do Kwon gets 15-year prison sentence for role in Terra-Luna $40 billion crash

Terraform Labs founder Do Kwon was sentenced to 15 years in prison by a New York federal court on Thursday for his role in organizing one of the largest cryptocurrency frauds in history.

Top 3 Price Prediction: BTC and ETH eyes breakout, XRP steadies at support

Bitcoin (BTC) and Ethereum (ETH) are nearing the key resistance levels at the time of writing on Friday, and a successful breakout could open the door for a fresh rally. Meanwhile, Ripple (XRP) is stabilizing around a crucial support zone, hinting at a potential rebound if buyers maintain control.

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 (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.

LTC/USD weekly chart

LTC/USD daily chart

LTC/USD

Legal Text

Markets move fast. We move first.

Editor's Picks