• LTC/USD is currently trading for $60.70.
  • The price is sandwiched between healthy levels of resistance and support making further movement difficult.

LTC/USD bears fought off the bulls this Monday as it ended up trading for $60.70. The daily confluence detector shows us that further price movement (upwards and downwards) is going to be difficult as the price is sandwiched between healthy levels of resistance and support.

LTC/USD daily confluence detector

As per the daily confluence detector, there are three significant levels of resistance at $60.75-$60.95, $61.25, and $63.25. The confluences at those levels are:

  • $60.75-$60.95: 4-hour previous low, hourly previous low, 5-day simple moving average (SMA 5), 15-min Bollinger band middle curve, SMA 10, daily pivot point support 1, daily 61.8% Fibonacci retracement level, 15-min previous low, SMA 50, 15-min Bollinger band upper curve, daily 38.2% Fibonacci retracement level, 4-hour previous high, hourly Bollinger band middle curve, daily 23.6% Fibonacci retracement level, hourly previous high, 15-min previous high, SMA 100.
  • $61.25: 4-hour Bollinger band middle curve, SMA 100, daily pivot point resistance 2, hourly Bollinger band upper curve, and weekly 23.6% Fibonacci retracement level.
  • $63.25: Previous month high and daily Bollinger band upper curve.

The support levels lie at $60.50 and $56.50. The confluences at those levels are:

  • $60.50: Daily pivot point support 2, weekly 38.2% Fibonacci retracement level, SMA 50, hourly Bollinger band lower curve, SMA 200, 15-min Bollinger band lower curve, SMA 10, and daily previous low.
  • $56.50: Daily Bollinger band lower curve.
     

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Cryptos feed Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Bitcoin price all but confirms a bearish breakout amid opposing on-chain metrics

Bitcoin price all but confirms a bearish breakout amid opposing on-chain metrics

Bitcoin price shows a confluence of bearish developments that suggests an incoming downtrend. This development could halt the bullish outlook seen in Ethereum and other related altcoins. Bitcoin price is in a classic Wyckoff Distribution Phase.

More Bitcoin news

Chainlink Price Prediction: The good, the bad and the ugly of this LINK top reversal pattern

Chainlink Price Prediction: The good, the bad and the ugly of this LINK top reversal pattern

Chainlink price shows an interesting setup that could result in a steep correction and an eventual undoing of the gains. While the former scenario is plausible, the latter is a worst-case outlook and has relatively less chance of manifesting.

More ChainLink news

Crypto Sleeping Giants: Enjin Coin Price - A 3000% rally by 2023

Crypto Sleeping Giants: Enjin Coin Price - A 3000% rally by 2023

Enjin coin price could become a crypto outperformer in the next bullrun. Key levels have been identified. The Enjin token, an Ethereum based gaming token witnessed a 14,000% rise between March 2020 lows at $0.03 and the 2021 highs at $4.85.

More Enjin Coin news

​​​​​​​​​​​​​​Got It! This Shiba Inu price trade worked out perfectly, here's what could happen next

​​​​​​​​​​​​​​Got It! This Shiba Inu price trade worked out perfectly, here's what could happen next

Shiba Inu price tags the intended $0.00001550 target. Shiba Inu price has recently rallied an impressive 35% in just one day. Throughout the summer, the outlook has been maintained at a short-term bullish stance with targets in the $0.00001400 -0.00001550 area.

More Shiba Inu news

Bitcoin: If bulls lose control here, BTC could revisit $21,000

Bitcoin: If bulls lose control here, BTC could revisit $21,000

Bitcoin price shows an interesting setup that could reveal its next move. On closer inspection,  its technicals support a bearish outlook for the leading crypto.  

Read full analysis

BTC

ETH

XRP