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Litecoin Technical Analysis: LTC/USD bulls remain in full control running at six sessions in the green

  • Litecoin price is trading in positive territory by some 0.55% in the session on Wednesday. 
  • LTC/USD is running towards the sixth consecutive day in the green. 
  • Next major area of interest is likely to be the psychological $50 price mark for the bulls. 
Litecoin Technical Analysis: LTC/USD bulls remain in full control running at six sessions in the green
Ken ChigboKen ChigboIndependent Analyst

LTC/USD daily chart

Price action trying to breakdown resistance ahead of $50, seen at $48, high area back end of November - early December 2019. 

LTC/USD 60-minute chart

The price is heading back towards a retest of a critical ascending trend line via the 60-minute chart view. 

Spot rate:                 46.62

Relative change:      +0.55%

High:                          48.57

Low:                           46.33

LTC/USD

Overview
Today last price46.5975
Today Daily Change0.2374
Today Daily Change %0.51
Today daily open46.3601
 
Trends
Daily SMA2041.7208
Daily SMA5044.1788
Daily SMA10050.7982
Daily SMA20070.5326
 
Levels
Previous Daily High46.8379
Previous Daily Low44.5047
Previous Weekly High44.0506
Previous Weekly Low38.7677
Previous Monthly High48.5063
Previous Monthly Low35.9836
Daily Fibonacci 38.2%45.9466
Daily Fibonacci 61.8%45.3959
Daily Pivot Point S144.9639
Daily Pivot Point S243.5677
Daily Pivot Point S342.6307
Daily Pivot Point R147.2971
Daily Pivot Point R248.2341
Daily Pivot Point R349.6303

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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