Litecoin Price Prediction: LTC/USD bears have an opportunity to force greater downside

  • Litecoin price is trading in negative territory by 0.90% in the session on Thursday. 
  • 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 daily chart

A bearish pennant structure continues to contain LTC/USD price action, as risks still point to the downside. 


LTC/USD 60-minute chart

A narrowing range block formation can be observed via the 60-minute chart view, the next breakout could be trend defining near-term. 


Spot rate:               38.90 

Relative change:  -0.90%

High:                     40.03   

Low:                      38.53   


Today last price 38.9291
Today Daily Change -0.3337
Today Daily Change % -0.85
Today daily open 39.2628
Daily SMA20 41.7883
Daily SMA50 59.3135
Daily SMA100 55.0291
Daily SMA200 55.9348
Previous Daily High 41.1587
Previous Daily Low 38.2268
Previous Weekly High 43.9228
Previous Weekly Low 29.277
Previous Monthly High 84.4232
Previous Monthly Low 56.6073
Daily Fibonacci 38.2% 39.3468
Daily Fibonacci 61.8% 40.0387
Daily Pivot Point S1 37.9401
Daily Pivot Point S2 36.6175
Daily Pivot Point S3 35.0082
Daily Pivot Point R1 40.8721
Daily Pivot Point R2 42.4814
Daily Pivot Point R3 43.804



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Price Analysis: Bearish technical signals point to a test of the 6K area

Bitcoin is looking bearish on Wednesday as the price moved 3% lower after rejecting higher levels. The market bounced off the blue trendline and pushed through the 55 and 200 hourly moving averages.

More Bitcoin News

Ripple Price Analysis: Bearish technical signals could seen XRP to 0.1600

Ripple has had a good run at testing upside targets recently but it seems there was no breaking 0.1800 for now. Now it seems the trendline in black on the chart has been broken to the downside.

More Ripple News

ETH/USD locked in a range; short-term recovery capped by $134.40

ETH/USD is changing hands at $132.00, mostly unchanged both on a day-to-day basis and since the beginning of Wednesday. The second-largest digital asset has been moving within a short-term bearish trend amid high volatility. 

More Ethereum News

Monero Price Analysis: XMR pushes higher towards the 50.00 level

Monero has caught a bid late in the US session on Wednesday after trading lower for most of the day. The price has just recently moved through the moving averages (55 & 200) which can be considered a bullish sign. If the black resistance line at 48.20 ...

More Bitcoin Cash News


Bitcoin Weekly Forecast: Coronavirus will either kill Bitcoin or make it stronger

Bitcoin is about to finish the second positive week in a row. The first digital coin has recovered from $5,680 and came close to psychological $7,000 during the week.

Read the weekly forecast