Ken Chigbo
Independent Analyst
- Litecoin is outperforming on Wednesday, holding decent gains of 7% in the session.
- LTC/USD price action extends to the upside after breaking out from bull flag set up.
LTC/USD 15-minute chart
- LTC/USD near-term price action via 15-minute chart produces somewhat of an evening star formation. A bearish candle to follow may signal a near-term pullback.
Spot rate: 50.69
Relative change: +7.01%
High: 52.43
Low: 46.58
Trend: Neutral
Trends:
Daily SMA20: 39.1756
Daily SMA50: 35.2522
Daily SMA100: 34.0048
Daily SMA200: 45.7334
Levels:
Previous Daily High: 49.2579
Previous Daily Low: 46.8979
Previous Weekly High: 47.3684
Previous Weekly Low: 40.3348
Previous Monthly High: 41.4965
Previous Monthly Low: 29.6396
Daily Fibonacci 38.2%: 47.7995
Daily Fibonacci 61.8%: 48.3564
Daily Pivot Point S1: 46.4174
Daily Pivot Point S2: 45.4777
Daily Pivot Point S3: 44.0574
Daily Pivot Point R1: 48.7773
Daily Pivot Point R2: 50.1976
Daily Pivot Point R3: 51.1373
LTC/USD 60-minute chart
- LTC/USD bulls force a range-break via the 60-minute chart view.
LTC/USD daily chart
- Price action takes a chunky extension to the north following a flag breakout on the daily.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Ripple wipes out weekly gains, experts comment on role of Ripple stablecoin
Ripple declined to $0.52 on Thursday, erasing all gains registered earlier this week. Ripple SVP Eric van Miltenburg’s comments on the firm’s stablecoin, and how it is expected to benefit the XRP Ledger and native token XRP have raised concerns among crypto experts.
Hedera HBAR slips nearly 10% after air is cleared on mistaken link with giant BlackRock
HBAR price is down nearly 10% on Thursday, partly erasing gains inspired by the misinterpreted link with BlackRock. Despite the recent correction, Hedera’s price is up 44% in the past seven days.
The reason behind Bonk’s 105% rise and if you should buy now Premium
Bonk price has shot up 105% in the past five weeks. A retracement into $0.0000216 or the $0.0000152 to $0.0000186 imbalance would be a good buying opportunity. Patient investors can expect double-digit gains from BONK that could extend up to 70%.
Injective price weakness persists despite over 5.9 million INJ tokens burned
Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price. Coupled with broader market gloom, INJ token’s doomed days may not be over yet.
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?