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Litecoin Price Analysis: LTC/USD bulls rocket off the $40 launchpad

  • Litecoin price is trading in positive territory by 5.55 % in the session on Friday. 
  • LTC/USD at present is edging towards another day in the green, which would mark the fifth.
  • The bulls have been smashing down the chunky supply that is seen within the early $40 price region.
Litecoin Price Analysis: LTC/USD bulls rocket off the $40 launchpad
Ken ChigboKen ChigboIndependent Analyst

LTC/USD weekly chart

Price action is running towards its fourth consecutive session in the green, as the recovery picks up pace. 

LTC/USD daily chart

The bulls receive a big boost as the price makes a firm push above the strong supply area at $40. 

Spot rate:               42.68

Relative change:  +5.50%

High:                      43.04

Low:                       40.37

LTC/USD

Overview
Today last price42.696
Today Daily Change2.3059
Today Daily Change %5.71
Today daily open40.3901
 
Trends
Daily SMA2038.6563
Daily SMA5051.0631
Daily SMA10054.9521
Daily SMA20054.306
 
Levels
Previous Daily High41.095
Previous Daily Low39.9638
Previous Weekly High43.0368
Previous Weekly Low37.0298
Previous Monthly High63.9927
Previous Monthly Low24.9467
Daily Fibonacci 38.2%40.3959
Daily Fibonacci 61.8%40.6629
Daily Pivot Point S139.8709
Daily Pivot Point S239.3517
Daily Pivot Point S338.7397
Daily Pivot Point R141.0021
Daily Pivot Point R241.6142
Daily Pivot Point R342.1333

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.

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