Litecoin technical analysis: LTC/USD inclines towards the beckoning $50 level

  • 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%

Trend: Bearish

Volatility: Expanding

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
Daily SMA20 59.6387
Daily SMA50 57.3559
Daily SMA100 66.1416
Daily SMA200 85.2653
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



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.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD weekend action brushes shoulders with $7,600

Cryptocurrencies stagnated within familiar levels over the weekend. Bitcoin action impressively jumped above the resistance levels at $7,400 and $7,500. The upward leg jumped above $7,600 before forming a high at $7,638.

More Bitcoin News

Ripple Price Analysis: XRP/USD gazes on a risky triangle breakdown

Ripple is ranged confined between $0.21 and $0.2336. The recovery from the low in November around $0.22 lost steam short of $0.24. On the flipside, $0.21 is standing out a formidable support area.

More Ripple News

LTC/USD price halved afte halving, hash rate dropped by 70%

Litecoin (LTC), the sixth-largest digital asset with the current market capitalization of $2.9 billion, has been one os the worst-performing coins of the month out of top-20.

More Litecoin News

Tezos towers the weekend session testing $1.70 crucial hurdle

Tezos was arguably the best performing crypto in the weekend session. After closing the session on Friday at $1.38, the bullish action majestically surged over 30% to brush shoulders with $1.61. Both the trading volume and the market cap corrected higher, where XTZ crossed the $1 billion hurdle. 

More Tezos news


Bitcoin Weekly Forecast: It's all about whales again

On the cryptocurrency market, regulators, governments and central bankers and other big names like that are inferior to whales when it comes to generating trends and price movements.

Read the weekly forecast