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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.

Ken Chigbo Independent Analyst

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.

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

LTCH/USD 60-minute chart

LTC/USD daily chart

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