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Litecoin technical analysis: LTC/USD bears are pressing for a big trend line break to the downside

  • Litecoin trading in the red with losses of some 1.40% in the late part of the day.
  • LTC/USD price action has been supported by an ascending trend line.
  • If the noted the support fails to hold then $100 price mark could at threat .
Litecoin technical analysis: LTC/USD bears are pressing for a big trend line break to the downside
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 117.67

Relative change:      +2.40%

High:                        119.69

Low:                         112.60

LTC/USD

Overview
Today last price117.867
Today Daily Change-1.7784
Today Daily Change %-1.49
Today daily open119.6454
 
Trends
Daily SMA20130.4771
Daily SMA50117.763
Daily SMA10097.9085
Daily SMA20069.541
Levels
Previous Daily High127.2049
Previous Daily Low118.82
Previous Weekly High142.6333
Previous Weekly Low109.8976
Previous Monthly High146.2716
Previous Monthly Low97.5782
Daily Fibonacci 38.2%122.023
Daily Fibonacci 61.8%124.0018
Daily Pivot Point S1116.5753
Daily Pivot Point S2113.5052
Daily Pivot Point S3108.1904
Daily Pivot Point R1124.9602
Daily Pivot Point R2130.275
Daily Pivot Point R3133.3451

LTC/USD 60-minute chart

  • Critical support set for a test which is tracking at $115, a breach could see the price fast below $100.

LTC/USD daily chart

  • A long running ascending trend line which has been in play since the end of April remains at danger.

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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