TRENDING:
Trade War
XAU/USD
Silver
EUR/USD
GBP/USD
USD/CAD
AUD/USD
Sponsored by
Login
|

Litecoin Technical Analysis: LTC/USD breakout is due, but price is going to need to fall some more

  • Litecoin was seen up on Tuesday a decent 4% in the latter stages of the session.
  • LTC/USD price action is moving within a descending wedge pattern, subject to a breakout. 
Litecoin Technical Analysis: LTC/USD breakout is due, but price is going to need to fall some more
Ken ChigboKen ChigboIndependent Analyst

LTC/USD 4-hour chart 


 

Spot rate:                   54.169

Relative change:       +3.98%

High:                          55.569

Low:                           50.428

Trend:                        Bullish

Resistance 1:             54.340, 50MA (4-hour).

Resistance 2:             55.100, upper part of wedge.

Resistance 3:             57.570, 100MA (4-hour).

Support 1:                  50.513, lower part of wedge.

Support  2:                 50.000, psychological support. 

Support  3:                 47.288, 12th September low.




 

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.

More from Ken Chigbo
Share:

Editor's Picks

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.

BTC, ETH and XRP post cautious recovery amid downside risks

BTC, ETH and XRP post cautious recovery amid downside risks

Bitcoin, Ethereum, and Ripple are posting a cautious recovery on Wednesday following a market correction earlier this week.  BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels. 

Top Crypto Gainers:  Morpho, Ether.fi, and Pippin rally amid market pressure

Top Crypto Gainers:  Morpho, Ether.fi, and Pippin rally amid market pressure

Altcoins, including Morpho, Ether.fi and Pippin are leading the gains over the last 24 hours as the broader cryptocurrency market remains under pressure. Technically, the recovery in MORPHO, ETHFI, and PIPPIN shows upside potential as buying pressure increases.

Hyperliquid registers mild gains following CoinShares' ETP launch

Hyperliquid registers mild gains following CoinShares' ETP launch

Hyperliquid (HYPE) registered a 3% gain on Tuesday after CoinShares announced the launch of its Physical Hyperliquid Staking exchange-traded product (ETP), offering investors exposure to the token's price and staking yields.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: No recovery in sight

Bitcoin: No recovery in sight

Bitcoin (BTC) price continues to trade within a range-bound zone, hovering around $67,000 at the time of writing on Friday, and falling slightly so far this week, with no signs of recovery.