Litecoin technical analysis: LTC/USD buyers are heavily trying to defend $100 mark


  • Litecoin price is trading up some +2.60% in the second half of the session on Friday. 
  • LTC/USD price action via the 60-minute chart view has tested the big $100 to the downside, but buyers defended again in the session. 
  • The price action via the daily has remained vulnerable following a critical trend line breach. 

 

Spot rate:                106.06

Relative change:      +2.60%

High:                        107.08

Low:                         100.67

LTC/USD

Overview
Today last price 106.021
Today Daily Change 3.0282
Today Daily Change % 2.94
Today daily open 102.9928
 
Trends
Daily SMA20 123.235
Daily SMA50 121.2331
Daily SMA100 101.5789
Daily SMA200 72.5883
Levels
Previous Daily High 108.2889
Previous Daily Low 95.0808
Previous Weekly High 137.0069
Previous Weekly Low 112.2566
Previous Monthly High 146.2716
Previous Monthly Low 97.5782
Daily Fibonacci 38.2% 100.1263
Daily Fibonacci 61.8% 103.2434
Daily Pivot Point S1 95.9528
Daily Pivot Point S2 88.9128
Daily Pivot Point S3 82.7448
Daily Pivot Point R1 109.1609
Daily Pivot Point R2 115.3289
Daily Pivot Point R3 122.3689

 

LTCH/USD 60-minute chart

  • Price action via the 60-minute is moving within a bearish flag structure. 

LTC/USD daily chart

  • Price action via the daily chart view despite the small gains today, is still subject to further potential downside given an ascending trend line break. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Opportunity in Bitcoin for bargain hunters

First, the strong bullish move yesterday by Bitcoin, which gained more than $1,000 in 60 minutes. The movement has placed the BTC/USD pair above all major moving averages and opens the door to further rises in the absence of relevant resistance.

More Bitcoin News

Ripple’s XRP recovery from April lows marks the beginning to breakout

Ripple has dived massively from the recent highs. The breakout above both the 50 Simple Moving Average (SMA) 1-D and the 100 SMA 1-D propelled XRP past critical hurdles. For the first in 2019, the price exchanged hands above $0.5. 

More Ripple News

Litecoin market overview: LTC/USD oversold and ready to bounce

Litecoin is showing signs of exhaustion from the downtrend experienced from the beginning of July. Recovery to June highs around $146 has been impossible with the path of least resistance having an affinity to the south.

More Litecoin News

Ethereum price analysis: ETH/USD hovers above $220; upside capped at $230

Ethereum momentum hit a snag at $230 following the impressive recovery witnessed yesterday from the support at $205. ETH/USD has spent most of this week’s trading sessions battling to shake off the selling pressure. 

More Ethereum News

Bitcoin Weekly Forecast: BTC bulls get ready for a major assault

The cryptocurrency market has been pretty volatile this week. Bitcoin stayed in the green zone despite wild price gyrations, while major altcoins are nursing double-digit losses on a week-on-week basis.

Read the weekly forecast

BTC

ETH

XRP