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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. 

 

Spot rate:                  93.21

Relative change:      +2.0%

High:                         95.15

Low:                          90.81

LTC/USD

Overview
Today last price92.7588
Today Daily Change1.2205
Today Daily Change %1.33
Today daily open91.5383
 
Trends
Daily SMA2076.9248
Daily SMA5077.1876
Daily SMA10063.5333
Daily SMA20049.6539
Levels
Previous Daily High94.0244
Previous Daily Low86.6666
Previous Weekly High79.5651
Previous Weekly Low72.2954
Previous Monthly High99.4789
Previous Monthly Low60.3565
Daily Fibonacci 38.2%91.2137
Daily Fibonacci 61.8%89.4773
Daily Pivot Point S187.4618
Daily Pivot Point S283.3853
Daily Pivot Point S380.1041
Daily Pivot Point R194.8196
Daily Pivot Point R298.1009
Daily Pivot Point R3102.1774

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

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
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