- LTC/USD has recovered to $76.55 following Wednesday’s plunge in price.
- Moving average convergence/divergence (MACD) shows increasing bearish momentum.
LTC/USD daily chart
Like the rest of the market, LTC/USD had a heavily bearish Wednesday. Litecoin went down from $84.65 to $75.85, breaking below the 200-day simple moving average (SMA 200) curve in the process. So far, the price has recovered to $76.55. The SMA 50 and SMA 20 curves are trending above the market. The moving average convergence/divergence (MACD) shows increasing bearish momentum.
LTC/USD 4-hour chart
The LTC/USD 4-hour chart is currently consolidating in a flag formation. The price has broken below the 20-day Bollinger band, indicating that it is undervalued. The 20-day Bollinger jaw has widened, showing that market volatility is increasing. The Elliot oscillator shows six straight bearish sessions with increasing intensity.
LTC/USD hourly chart
The hourly chart shows that currently bullish momentum is being stalled at the downward trending line. The price was trending inside the green Ichimoku cloud before it broke down. The hourly price chart is also trending below the SMA 20, SMA 50 and SMA 200 curves. The relative strength index (RSI) indicator is trending in the oversold zone and is trying to get out of it.
|Today last price||75.9769|
|Today Daily Change||0.1246|
|Today Daily Change %||0.16|
|Today daily open||75.8523|
|Previous Daily High||86.1096|
|Previous Daily Low||74.6653|
|Previous Weekly High||106.8665|
|Previous Weekly Low||82.5963|
|Previous Monthly High||127.2049|
|Previous Monthly Low||76.4679|
|Daily Fibonacci 38.2%||79.037|
|Daily Fibonacci 61.8%||81.7379|
|Daily Pivot Point S1||71.6419|
|Daily Pivot Point S2||67.4314|
|Daily Pivot Point S3||60.1975|
|Daily Pivot Point R1||83.0862|
|Daily Pivot Point R2||90.32|
|Daily Pivot Point R3||94.5305|
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