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Litecoin technical analysis: LTC/USD bulls are struggling to break down $150

  • Litecoin price on Monday late in the second half of the session is trading in negative territory down some 1.25%.
  • LTC/USD bullish pennant pattern can be viewed via the daily chart. 
  • A wave of selling pressure was seen in the session on Sunday, after a key near-term ascending trend line break. 
Litecoin technical analysis: LTC/USD bulls are struggling to break down $150
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 134.53

Relative change:      -0.25%

High:                        136.88

Low:                         133.42

LTC/USD

Overview
Today last price132.7806
Today Daily Change-4.0983
Today Daily Change %-2.99
Today daily open136.8789
 
Trends
Daily SMA20128.4242
Daily SMA50108.4149
Daily SMA10090.7733
Daily SMA20064.0668
Levels
Previous Daily High142.6333
Previous Daily Low135.7235
Previous Weekly High141.7648
Previous Weekly Low128.9438
Previous Monthly High122.0347
Previous Monthly Low72.2954
Daily Fibonacci 38.2%138.363
Daily Fibonacci 61.8%139.9938
Daily Pivot Point S1134.1904
Daily Pivot Point S2131.502
Daily Pivot Point S3127.2806
Daily Pivot Point R1141.1003
Daily Pivot Point R2145.3217
Daily Pivot Point R3148.0102

LTC/USD 60-minute chart

  • The 60-minute chart view shows the price consolidating within a bearish pennant. The price may be exposed to some further downside before another push north. 

LTC/USD daily chart

  • Price action is moving within a bullish penannt structure, subject to a potential breakout. 

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.

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