- Litecoin stays in range even as bears increase their grip across the board.
- Litecoin is bearish in the short-term especially with the RSI grinding lower.
Spot rate: $54
Relative change: -0.8348
Percentage change: -1.52%
LTC/USD daily chart
Litecoin is grinding closer to a falling wedge pattern likely to correct the extended downtrend.
The zone at $50-53 becomes a viable support area capable of halting massive declines.
LTC/USD four-hour chart
The rectangle pattern formed suggests increasing bearish control and a possible fall towards $20.
Litecoin has a bearish bias in the short-term based on the Relative Strength Index (RSI).
LTC/USD one-hour chart
An ongoing retracement is likely to break the short-term trendline support.
The upside is limited by the 21 Simple Moving Average (SMA) while the downside is supported by the 50 SMA.
|Today last price||54.2049|
|Today Daily Change||-0.8010|
|Today Daily Change %||-1.46|
|Today daily open||55.0059|
|Previous Daily High||55.6286|
|Previous Daily Low||52.7454|
|Previous Weekly High||57.8297|
|Previous Weekly Low||51.1734|
|Previous Monthly High||80.2956|
|Previous Monthly Low||50.399|
|Daily Fibonacci 38.2%||54.5272|
|Daily Fibonacci 61.8%||53.8468|
|Daily Pivot Point S1||53.2913|
|Daily Pivot Point S2||51.5768|
|Daily Pivot Point S3||50.4082|
|Daily Pivot Point R1||56.1745|
|Daily Pivot Point R2||57.3431|
|Daily Pivot Point R3||59.0576|
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