Litecoin Technical Analysis: LTC/USD breaching critical ascending trend line of support


  • Litecoin price on Wednesday is trading in negative territory, nursing losses over 2%. 
  • LTC/USD price action via the daily is breaching a key near-term ascending trend line.
  • 15-minute chart view shows a bearish pennant structure, inviting further potential selling. 

 

Spot rate:                  74.11

Relative change:      -2.25%

High:                         79.51

Low:                          72.29

LTC/USD

Overview
Today last price 74.1028
Today Daily Change -0.7915
Today Daily Change % -1.06
Today daily open 74.8943
 
Trends
Daily SMA20 75.454
Daily SMA50 74.0218
Daily SMA100 60
Daily SMA200 48.6036
Levels
Previous Daily High 79.5184
Previous Daily Low 74.4704
Previous Weekly High 81.3432
Previous Weekly Low 66.0294
Previous Monthly High 99.4789
Previous Monthly Low 60.3565
Daily Fibonacci 38.2% 76.3988
Daily Fibonacci 61.8% 77.5901
Daily Pivot Point S1 73.0703
Daily Pivot Point S2 71.2464
Daily Pivot Point S3 68.0223
Daily Pivot Point R1 78.1184
Daily Pivot Point R2 81.3424
Daily Pivot Point R3 83.1664

 

LTC/USD 15-minute chart

  • Near-term bearish pennant can be eyed via the 15-minute chart view, subject to a potential breakout south. 

 

LTC/USD daily chart

  • Price action via the daily is breaking out to the downside from a critical ascending supporting trend line. 

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

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.

More Bitcoin News

Maker Price Analysis: MKR whales could be getting ready to dump again at $470

Maker has been one of the most affected coins after the last crypto crash, losing around 50% of its value in practically one month. MKR is currently ranked 37th with a market capitalization of $500 million.

More Cryptocurrencies News

Kyber Network Price Prediction: KNC could be on the verge of a 50% correction

Kyber Network was trading as high as $2.04 on August 14 but plummeted to $1.04 just 22 days later, a 48% loss that clearly shows bears are in full control in the short and mid-terms.

More Cryptocurrencies News

Aave Price Analysis: LEND bulls will have to fight for $0.65 to regain control

Aave's LEND is the 29th-largest digital asset with the current market capitalization of $751 million and an average daily trading volume of $167 million. The token is most actively traded on Binance. 

More Crypto 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