• LTC/USD went up from $75 to $76 as markets opened this Wednesday.
  • LTC/USD had earlier gone up from $68.17 to $75 this Tuesday.

LTC/USD bulls had a field day this Tuesday as they took the price of the asset up from $68.17 to $75, breaking past the $70 and $75 barrier in the process. As per the daily confluence detector, LTC/USD bulls can target the $80 before facing any real resistance. This Tuesday was the first bullish day after four consecutive bearish days.

LTC/USD Daily Confluence Detector

LTC/USD has resistance levels at $77.75, $78.50, and $80.75. The confluences at those levels are:

  • $77.75: Weekly 61.8% Fibonacci retracement level.
  • $78.50: No confluence detected.
  • $80.75: Weekly pivot point resistance 1 and daily pivot point resistance 2.

The support levels are at $75.75, $75.50, $75, $74.50, $72.50-$73.25. The confluences at those levels are:

  • $75.75: Hourly previous high, 4-hour previous high, daily previous high, and 15-min Bollinger band upper curve. 
  • $75.50: 15-min previous high and monthly 61.8% Fibonacci retracement level.
  • $75: 15-min previous low and 4-hour Bollinger band upper curve.
  • $74.50: Weekly 38.2% Fibonacci retracement level, 15-min Bollinger band middle curve, and 5-day simple moving average (SMA 5)
  • $72.50-$73.25: SMA 10, 15-min Bollinger band lower curve, 4-hour previous low, SMA 5, SMA 50, daily 382% Fibonacci retracement level, weekly 23.6% Fibonacci retracement level, and SMA 200.

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.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin attempts a dead cat bounce amid a descending channel

Bitcoin (BTC/USD), the most dominantly traded cryptocurrency, is seen attempting minor recoveries on the 9900 handle, having extended the recent declines to 9,850.65, in the wake of a symmetrical triangle breakdown on the hourly sticks seen on Saturday.

More Bitcoin News

Top 3 Coins' Price Prediction: Bearish bias intact despite tepid recovery attempts

The world’s no. 1 digital coin, Bitcoin, is seen driving the broader market. However, the third most traded cryptocurrency, Ripple, fails to benefit, as it continues to lose nearly 4% so far this Sunday. 

More Cryptocurrencies News

Bitcoin Cash: Choppy inside falling wedge, with limited upside

Bitcoin Cash (BCH/USD) breached Thursday’s low of 302.41 but managed to hold the 302 handle before staging a comeback.  Despite the latest recovery attempt, the price is down 3% in the last 24 hours.

More Bitcoin Cash News

IOTA technical analysis: Sell the bounce, as bears still eye 0.2550/25

IOTA (IOT/USD), the 17th largest cryptocurrency, risks further downside in the near-term amid bearish technical setups on different time frames. 

More IOTA News


Bitcoin weekly forecast: Let the altcoin season begin

All major altcoins demonstrated strong growth while Bitcoin reluctantly oscillated in a tight range and stayed vulnerable to bearish sentiments. The first digital currency spends the best part of the week hovering around $10,200 level.

Read the weekly forecast