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

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Top 3 price prediction Bitcoin, Ethereum, Ripple: Market ready to launch, not knowing who will lead it

One of these stories is the intense and profound relationship between Ethereum and Bitcoin. The story approaches a moment of decision, where what happens can mark the future.

More Bitcoin News

Ethereum Price Analysis: ETH/USD reverses Sunday gains as Istanbul-inspired enthusiasm is over

ETH/USD has retreated from the recent high of $152.14 reached on Sunday, following the successful Istanbul upgrade.

More Ethereum News

IOTA price analysis: IOT/USD loses ground, ignores positive fundamentals

IOTA is flashing with red colors. The coin retreated from the 18th position a month ago to 20th place in the global cryptocurrency rating amid strong bearish sentiments.

More IOTA News

Tezos Price Analysis: Whales send XTZ/USD to multi-month high

Tezos  (XTZ) is the best-performing digital asset today. The coin has gained over 6% of its value in recent 24 hours while all Bitcoin and all major altcoins have stayed in tight ranges amid low trading activity. 

More Tezos News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: It's all about whales again

On the cryptocurrency market, regulators, governments and central bankers and other big names like that are inferior to whales when it comes to generating trends and price movements.

Read the weekly forecast

BTC

ETH

XRP