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   

LTC/USD

Overview
Today last price 38.9291
Today Daily Change -0.3337
Today Daily Change % -0.85
Today daily open 39.2628
 
Trends
Daily SMA20 41.7883
Daily SMA50 59.3135
Daily SMA100 55.0291
Daily SMA200 55.9348
 
Levels
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

 

 

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