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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. 
Litecoin technical analysis: LTC/USD buyers are heavily trying to defend $100 mark
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                106.06

Relative change:      +2.60%

High:                        107.08

Low:                         100.67

LTC/USD

Overview
Today last price106.021
Today Daily Change3.0282
Today Daily Change %2.94
Today daily open102.9928
 
Trends
Daily SMA20123.235
Daily SMA50121.2331
Daily SMA100101.5789
Daily SMA20072.5883
Levels
Previous Daily High108.2889
Previous Daily Low95.0808
Previous Weekly High137.0069
Previous Weekly Low112.2566
Previous Monthly High146.2716
Previous Monthly Low97.5782
Daily Fibonacci 38.2%100.1263
Daily Fibonacci 61.8%103.2434
Daily Pivot Point S195.9528
Daily Pivot Point S288.9128
Daily Pivot Point S382.7448
Daily Pivot Point R1109.1609
Daily Pivot Point R2115.3289
Daily Pivot Point R3122.3689

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

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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