TRENDING:
Canada CPI
Trade War
XAU/USD
Silver
EUR/USD
GBP/USD
USD/CAD
AUD/USD
Sponsored by
Login
|

Litecoin Technical Analysis: LTC/USD completing a breakout and retest of bullish structure

  • Litecoin price on Thursday trading down with losses of some 1.15% in the latter part of the session.
  • LTC/USD price action Iis currently retesting a breached bullish flag/pennant structure. 
  • Should the upper part of the flag/pennant hold its course, then further buying pressure may be in store for Litecoin. 
Litecoin Technical Analysis: LTC/USD completing a breakout and retest of bullish structure
Ken ChigboKen ChigboIndependent Analyst

Spot rate:                 60.94

Relative change:      -1.31%

High:                        61.79

Low:                         60.61

Trend:                       Bearish/Neutral

LTC/USD

Overview
Today last price60.9083
Today Daily Change-0.8903
Today Daily Change %-1.44
Today daily open61.7986
 
Trends
Daily SMA2058.8505
Daily SMA5050.9505
Daily SMA10041.5544
Daily SMA20044.413
 
Levels
Previous Daily High62.107
Previous Daily Low58.9246
Previous Weekly High63.0977
Previous Weekly Low57.6462
Previous Monthly High53.9838
Previous Monthly Low30.8359
Daily Fibonacci 38.2%60.8913
Daily Fibonacci 61.8%60.1403
Daily Pivot Point S159.7798
Daily Pivot Point S257.7611
Daily Pivot Point S356.5975
Daily Pivot Point R162.9622
Daily Pivot Point R264.1257
Daily Pivot Point R366.1445

LTC/USD 60-minute chart

  • Near-term buying protecting the price from falling back down below the $60 mark.

LTC/USD daily chart

  • Price is set for a retest, completing a breakout and retest of the bullish flag/pennant structure.

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.

More from Ken Chigbo
Share:

Editor's Picks

Stellar mixed sentiment caps recovery

Stellar mixed sentiment caps recovery

Stellar price remains under pressure, trading at $0.170 on Tuesday after failing to close above the key resistance on Sunday. The derivatives metric supports the bearish sentiment, with XLM’s short bets rising among traders and funding rates turning negative.

Jupiter rises on native SOL staking, TVL rebound

Jupiter rises on native SOL staking, TVL rebound

Jupiter edges higher by 3% at press time on Tuesday, approaching the $0.1700 level. The lending protocol announced native staking as collateral, allowing users to borrow against natively staked SOL on certain vaults.

Rocket Pool price extends rally as Saturn One upgrade boosts sentiment

Rocket Pool price extends rally as Saturn One upgrade boosts sentiment

Rocket Pool price extends its gains, trading above $2.80 on Tuesday after rallying over 58% in the previous day. The upcoming Saturn One network upgrade on Wednesday has fueled renewed buying interest.

Pi Network rallies ahead of its first anniversary

Pi Network rallies ahead of its first anniversary

Pi Network trades above $0.1800 at the time of writing on Tuesday, recording nearly 5% gains so far. On-chain data indicate that large wallet investors, commonly known as whales, have accumulated approximately 4 million PI tokens over the last 24 hours.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC bears aren’t done yet

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.