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Litecoin Technical Analysis: LTC/USD $60 is protected for now but bears are testing

  • Litecoin price in the latter part of Monday's session is trading in minor negative down 0.45%.
  • LTC/USD has been moving within a narrowing range-block since 15th March. 
  • Key near-term buying protecting the price ahead of a bearish retest of $60 area. 
Litecoin Technical Analysis: LTC/USD $60 is protected for now but bears are testing
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 60.69

Relative change:      -0.42%

High:                         61.26

Low:                          60.35

Trend:                       Neutral/Bearish

LTC/USD

Overview
Today last price60.6918
Today Daily Change-0.1179
Today Daily Change %-0.19
Today daily open60.8097
 
Trends
Daily SMA2059.7587
Daily SMA5052.9666
Daily SMA10042.848
Daily SMA20044.5453
 
Levels
Previous Daily High60.8097
Previous Daily Low60.4844
Previous Weekly High62.107
Previous Weekly Low57.5977
Previous Monthly High63.0977
Previous Monthly Low45.1089
Daily Fibonacci 38.2%60.6855
Daily Fibonacci 61.8%60.6087
Daily Pivot Point S160.5929
Daily Pivot Point S260.376
Daily Pivot Point S360.2676
Daily Pivot Point R160.9182
Daily Pivot Point R261.0266
Daily Pivot Point R361.2435

LTC/USD 60-minute chart

  • Near-term demand zone around the $61-60 range is preventing the price from free-falling. 

LTC/USD daily chart

  • Narrowing via the daily chart view can be observed, a range high of $63 and a low of $57. 

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.

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