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

 

 

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