TRENDING:
Trade War
XAU/USD
Silver
EUR/USD
GBP/USD
USD/CAD
AUD/USD
Sponsored by
Login
|

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.
Litecoin Price Prediction: LTC/USD bears have an opportunity to force greater downside
Ken ChigboKen ChigboIndependent Analyst

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 price38.9291
Today Daily Change-0.3337
Today Daily Change %-0.85
Today daily open39.2628
 
Trends
Daily SMA2041.7883
Daily SMA5059.3135
Daily SMA10055.0291
Daily SMA20055.9348
 
Levels
Previous Daily High41.1587
Previous Daily Low38.2268
Previous Weekly High43.9228
Previous Weekly Low29.277
Previous Monthly High84.4232
Previous Monthly Low56.6073
Daily Fibonacci 38.2%39.3468
Daily Fibonacci 61.8%40.0387
Daily Pivot Point S137.9401
Daily Pivot Point S236.6175
Daily Pivot Point S335.0082
Daily Pivot Point R140.8721
Daily Pivot Point R242.4814
Daily Pivot Point R343.804

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

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

FG Nexus, once dubbed an Ethereum treasury firm, resumed offloading the top altcoin on Wednesday, distributing 7,550 ETH, according to data from smart money tracker EmberCN.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.