Litecoin technical analysis: LTC/USD bears pressing for pennant retest


  • Litecoin price is trading in the red, with losses of 4.30%  the session on Thursday.
  • LTC/USD daily price action is heading for a retest of a breached bull pennant. 
  • Critical support is eyed around the $60 price mark via the daily. 

 

LTC/USD daily chart

Bulls managed to break out to the upside from a bullish pennant structure on Monday, with a retest at present eyed. 

LTC/USD 60-minute chart

Price action has breached an hourly demand zone, retest in play at the time of writing. 

 

Spot rate:                  61.45

Relative change:      -4.25%

High:                         64.28

Low:                          60.22

LTC/USD

Overview
Today last price 61.4139
Today Daily Change -2.7765
Today Daily Change % -4.33
Today daily open 64.1904
 
Trends
Daily SMA20 57.1066
Daily SMA50 58.9331
Daily SMA100 68.1077
Daily SMA200 85.6856
 
Levels
Previous Daily High 64.3264
Previous Daily Low 62.7034
Previous Weekly High 62.9256
Previous Weekly Low 56.0159
Previous Monthly High 64.1049
Previous Monthly Low 47.2078
Daily Fibonacci 38.2% 63.7064
Daily Fibonacci 61.8% 63.3234
Daily Pivot Point S1 63.1537
Daily Pivot Point S2 62.117
Daily Pivot Point S3 61.5306
Daily Pivot Point R1 64.7768
Daily Pivot Point R2 65.3631
Daily Pivot Point R3 66.3998

 

 

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