TRENDING:
Oil price
XAU/USD
EUR/USD
Trade War
GBP/USD
Silver
Sponsored by
Login
|

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.
Litecoin Price Analysis: LTC/USD vulnerabilities tilted to the downside as price trades under bear flag
Ken ChigboKen ChigboIndependent 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 price41.9162
Today Daily Change-0.3688
Today Daily Change %-0.87
Today daily open42.285
 
Trends
Daily SMA2042.1582
Daily SMA5043.5065
Daily SMA10054.8837
Daily SMA20052.7091
 
Levels
Previous Daily High44.3546
Previous Daily Low41.5595
Previous Weekly High43.767
Previous Weekly Low37.9812
Previous Monthly High63.9927
Previous Monthly Low24.9467
Daily Fibonacci 38.2%42.6273
Daily Fibonacci 61.8%43.2869
Daily Pivot Point S141.1115
Daily Pivot Point S239.938
Daily Pivot Point S338.3165
Daily Pivot Point R143.9066
Daily Pivot Point R245.5281
Daily Pivot Point R346.7016

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:

Editor's Picks

Ripple ticks up as buyers re-engage

Ripple ticks up as buyers re-engage

Ripple trends higher at the time of writing on Thursday, trading above $1.12. The cross-border remittance token seeks to erase a persistent downtrend that has weighed on the price since mid-May, as investors navigated geopolitical tensions in the Middle East.

Crypto Today: Bitcoin, Ethereum, XRP rebound broadens despite continued US-Iran strikes

Crypto Today: Bitcoin, Ethereum, XRP rebound broadens despite continued US-Iran strikes

Bitcoin steadies its recovery on Thursday, edging higher toward $63,000 despite incessant capital outflows. Meanwhile, altcoins, including Ethereum and Ripple, exhibit subtle rebound signs, trading above $1,650 and $1.12, respectively.

Bitcoin stages modest rebound ahead of US PPI data

Bitcoin stages modest rebound ahead of US PPI data

Bitcoin recovers slightly, trading above $62,500 on Thursday after three consecutive days of losses. US-listed spot ETFs recorded outflows of $213.85 million on Wednesday, indicating persistent withdrawals amid renewed US-Iran tensions.

Pi Network: Recovery at risk with 16 million PI tokens ready for unlock

Pi Network: Recovery at risk with 16 million PI tokens ready for unlock

Pi Network edges higher on Thursday after three days of consecutive losses earlier this week, extending the prevailing downtrend since late April. The scheduled unlocking of 16 million PI tokens on Thursday could add pressure to the intraday recovery.

Bitcoin: After the bloodbath, everyone looks at $60,000

Bitcoin: After the bloodbath, everyone looks at $60,000

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.