Litecoin Technical Analysis: LTC/USD bulls losing some ground in final barrier ahead of $10,000

Litecoin price Wednesday is trading in positive territory up over 2% in the second part of the day.
LTC bulls near-term price action is consolidating, having formed a bullish pennant subject to a breakout.
Bulls are breaking down the barrier seen just ahead of $100 price territory.

Ken Chigbo Independent Analyst

Spot rate: 93.21

Relative change: +2.0%

High: 95.15

Low: 90.81

LTC/USD

Overview
Today last price	92.7588
Today Daily Change	1.2205
Today Daily Change %	1.33
Today daily open	91.5383

Trends
Daily SMA20	76.9248
Daily SMA50	77.1876
Daily SMA100	63.5333
Daily SMA200	49.6539

Levels
Previous Daily High	94.0244
Previous Daily Low	86.6666
Previous Weekly High	79.5651
Previous Weekly Low	72.2954
Previous Monthly High	99.4789
Previous Monthly Low	60.3565
Daily Fibonacci 38.2%	91.2137
Daily Fibonacci 61.8%	89.4773
Daily Pivot Point S1	87.4618
Daily Pivot Point S2	83.3853
Daily Pivot Point S3	80.1041
Daily Pivot Point R1	94.8196
Daily Pivot Point R2	98.1009
Daily Pivot Point R3	102.1774

LTC/USD 60-minute chart

The price via the 60-minute chart view is moving within consolidation mode, as the price narrows pending next move. A near-term bullish pennant can be eyed via the 60-minute view.

LTC/USD daily chart

Bulls trying to breakdown the minor barrier ahead of a $100 return, much support seen below with an ascending trend line via the daily.

Author

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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LTC/USD

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