- Litecoin is trading above a long-term descending trendline resistance but $70 hurdle remains unconquered.
- LYC/USD continues to battle bearish pressure in a bid to stay above $60.
Spot rate: $60.98
Relative change: -0.3774
Percentage change: -0.61%
LTC/USD daily chart
The formation of a rising wedge pattern means that a breakdown towards $50 is in the offing.
The zone between $46 - $50 remains the key support area able to defend against acute selling pressure.
LTC/USD 4-hour chart
LTC/USD slides under the ascending trendline support but bulls manage to defend $60.00 short-term support.
The MACD shows that the bears are gaining traction with a short term target at $58.
LTC/USD 1-hour chart
The short term trendline support has been tested twice and has the potential to defend $60 support.
The MACD’s bullish cross suggests that bulls are gaining traction in the near-term.
|Today last price||61.0221|
|Today Daily Change||-0.3361|
|Today Daily Change %||-0.55|
|Today daily open||61.3582|
|Previous Daily High||62.2381|
|Previous Daily Low||59.6721|
|Previous Weekly High||64.3264|
|Previous Weekly Low||57.3543|
|Previous Monthly High||64.1049|
|Previous Monthly Low||47.2078|
|Daily Fibonacci 38.2%||60.6523|
|Daily Fibonacci 61.8%||61.2579|
|Daily Pivot Point S1||59.9408|
|Daily Pivot Point S2||58.5234|
|Daily Pivot Point S3||57.3748|
|Daily Pivot Point R1||62.5068|
|Daily Pivot Point R2||63.6555|
|Daily Pivot Point R3||65.0729|
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