Litecoin Price Analysis: LTC/USD will only progress to a greater recovery if $40 is broken


  • Litecoin price is trading in negative territory by 4.15% in the session on Monday. 
  • LTC/USD has offered little in terms of price action since 13 March.
  • Given the narrow conditions, it suggests a big breakout is in the works for Litecoin.

 

LTC/USD weekly chart

Despite narrowing price movements, the price has closed in the green marginally for two consecutive weeks. 

LTC/USD daily chart

Price action remains narrow via the daily chart view, at risk of breakout south, moving within the bearish flag. 

 

Spot rate:               38.66

Relative change:  +4.15%

High:                      39.55

Low:                       37.11
 

LTC/USD

Overview
Today last price 38.6934
Today Daily Change 1.5670
Today Daily Change % 4.22
Today daily open 37.1264
 
Trends
Daily SMA20 38.246
Daily SMA50 56.4712
Daily SMA100 54.9983
Daily SMA200 55.3597
 
Levels
Previous Daily High 39.1718
Previous Daily Low 37.0298
Previous Weekly High 41.3987
Previous Weekly Low 34.5587
Previous Monthly High 84.4232
Previous Monthly Low 56.6073
Daily Fibonacci 38.2% 37.848
Daily Fibonacci 61.8% 38.3535
Daily Pivot Point S1 36.3802
Daily Pivot Point S2 35.6339
Daily Pivot Point S3 34.2381
Daily Pivot Point R1 38.5222
Daily Pivot Point R2 39.9181
Daily Pivot Point R3 40.6643

 

 

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