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Litecoin Price Prediction: The bears are in control

  • Litecoin's extreme downtrend could continue if the 42.50 level breaks.
  • Wave after wave is breaking on the downside and the bulls failed to break 50.00.
Litecoin Price Prediction: The bears are in control
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

LTC/USD Technical Analysis

Litecoin is still in a depressed state. The bears have come into control once again after 50.00 was rejected.

The next level on the downside that will give us clues is 42.50.

The RSI is also looking to move into an oversold zone.

22.17 is the next major long term level of support (can be seen on the weekly chart)

Litecoin analysis

LTC/USD Additional Levels

LTC/USD

Overview
Today last price45.3386
Today Daily Change-2.2565
Today Daily Change %-4.74
Today daily open47.5951
 
Trends
Daily SMA2052.8429
Daily SMA5055.4214
Daily SMA10060.6261
Daily SMA20083.1739
 
Levels
Previous Daily High48.5063
Previous Daily Low45.619
Previous Weekly High49.439
Previous Weekly Low42.351
Previous Monthly High66.2492
Previous Monthly Low42.351
Daily Fibonacci 38.2%47.4034
Daily Fibonacci 61.8%46.722
Daily Pivot Point S145.974
Daily Pivot Point S244.3529
Daily Pivot Point S343.0867
Daily Pivot Point R148.8612
Daily Pivot Point R250.1274
Daily Pivot Point R351.7485

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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