Litecoin Technical Analysis: LTC/USD closer than ever to a falling wedge breakout


  • Litecoin is still experiencing the impact of the death cross even as the hunt for a bottom continues.
  • The RSI recovery towards 50 shows that the bulls are ready to regain control and stir some action upwards.

Spot rate: $43.76

Relative change: 0.0755

Percentage change: 0.17%

Trend: Bullish

Volatility: Low

LTC/USD daily chart

Litecoin is grinding closer to a falling wedge pattern breakout most likely to reclaim lost ground heading to $100.

The declines are, however, slowing down as shown by the moving average gap, which has started to narrow.

LTC/USD 4-hour chart

Litecoin price attempts a breakout above the trendline resistance but the immediate upside is capped by the 50 SMA.

Litecoin bulls must reclaim the support at $45 to avoid declines into the $30’ range.

LTC/USD

Overview
Today last price 43.7229
Today Daily Change 0.0330
Today Daily Change % 0.08
Today daily open 43.6899
 
Trends
Daily SMA20 45.8154
Daily SMA50 53.1714
Daily SMA100 57.8244
Daily SMA200 80.5963
 
Levels
Previous Daily High 44.0801
Previous Daily Low 42.8434
Previous Weekly High 48.5063
Previous Weekly Low 43.8063
Previous Monthly High 66.2492
Previous Monthly Low 42.351
Daily Fibonacci 38.2% 43.6077
Daily Fibonacci 61.8% 43.3158
Daily Pivot Point S1 42.9955
Daily Pivot Point S2 42.301
Daily Pivot Point S3 41.7587
Daily Pivot Point R1 44.2322
Daily Pivot Point R2 44.7745
Daily Pivot Point R3 45.469

 

 

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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

BTC needs to defend critical support level at $10,600

Bitcoin was trading inside an ascending triangle pattern between September 3 and September 15, which is created when the price establishes higher lows and a horizontal trendline around the swing highs. 

More Bitcoin News

UNI ready for a bullish assault, once $5.7 is cleared

UNI, the native token of a popular DeFi project Uniswap, rebounded from the support of $4.7 to trade above $5.5 during early Asian hours. By the time of writing, the token retreated to $4.9.

More Uniswap News

BNB full-blown sell signals aim for $22

Binance Coin had a particularly yielding trading period at the beginning of September. Although BNB showed signs of ascending to new yearly highs, the uptrend stalled at $33.50. 

More Binance Coin News

Bitcoin gets back in the game

This weekend saw one attempt by Bitcoin to break the $11000 barrier by taking advantage of the gap that Ethereum left with its sudden attempt to reach the $400 price level.

More Bitcoin News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC crystal ball gives bulls a faint flicker of hope

Bitcoin staged a healthy recovery this week. The pioneer digital currency price took off from the support area of $10,000 and touched the next psychological line of $11,000.

Read the weekly forecast

BTC

ETH

XRP