Litecoin Technical Analysis: LTC/USD hit a top after highest level since October 2018

Litecoin price late on Friday is nursing some losses of 0.5%, after a generally muted session.
LTC/USD produces a double top area up at October 2018 high levels.

Ken Chigbo Independent Analyst

Spot rate: 137.40

Relative change: -0.37%

High: 141.27

Low: 136.21

Trends:
    Daily SMA20: 48.3858
    Daily SMA50: 40.2695
    Daily SMA100: 35.4117
    Daily SMA200: 44.5238
Levels:
    Previous Daily High: 59.5887
    Previous Daily Low: 54.299
    Previous Weekly High: 53.9838
    Previous Weekly Low: 42.9646
    Previous Monthly High: 53.9838
    Previous Monthly Low: 30.8359
    Daily Fibonacci 38.2%: 57.568
    Daily Fibonacci 61.8%: 56.3197
    Daily Pivot Point S1: 54.5312
    Daily Pivot Point S2: 51.7702
    Daily Pivot Point S3: 49.2414
    Daily Pivot Point R1: 59.821
    Daily Pivot Point R2: 62.3497
    Daily Pivot Point R3: 65.1107

LTC/USD 60-minute chart

Price action is ranging via the 60-minute losing upside momentum, subject to possible drop.

LTC/USD daily chart

LTC/USD subject to ending the three day run of gains, as bulls run into chunky area of resistance via the daily.

Author

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.

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