Litecoin technical analysis: LTC/USD keeps trending in a narrow range between $54-$57


  • LTC/USD is currently priced at $56.25.
  • The daily price is currently trending in a flag formation.

LTC/USD daily chart

fxsoriginal

The LTC/USD is currently priced at $56.25 and consolidating in a flag formation. The price is limited to a narrow range between $54-$57 for the last eight days. The 200-day Simple Moving Average (SMA 200), SMA 50 and SMA 20 curves are trending above the chart. The Relative Strength Index (RSI) indicator is creeping right next to the oversold zone.

LTC/USD four-hour chart

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The four-hour price chart is trending above the SMA 20 and SMA 50 curves. The SMA 20 has crossed over the SMA 50 chart, which is a bullish sign. The narrowing of the 20-day Bollinger Band indicates decreasing market volatility. The Moving Average Convergence/Divergence (MACD) indicator shows sustained bullish momentum.

LTC/USD hourly chart

fxsoriginal

The hourly chart is trending above the green Ichimoku cloud and has found resistance at the $56.40 line. The Elliot Oscillator has had a bearish session after 11 straight bullish sessions.

Key Levels

LTC/USD

Overview
Today last price 56.3849
Today Daily Change -0.1049
Today Daily Change % -0.19
Today daily open 56.4898
 
Trends
Daily SMA20 65.0365
Daily SMA50 68.4317
Daily SMA100 85.3485
Daily SMA200 88.43
 
Levels
Previous Daily High 56.7418
Previous Daily Low 55.3129
Previous Weekly High 74.1981
Previous Weekly Low 50.399
Previous Monthly High 80.2956
Previous Monthly Low 50.399
Daily Fibonacci 38.2% 56.1959
Daily Fibonacci 61.8% 55.8587
Daily Pivot Point S1 55.6212
Daily Pivot Point S2 54.7527
Daily Pivot Point S3 54.1924
Daily Pivot Point R1 57.0501
Daily Pivot Point R2 57.6103
Daily Pivot Point R3 58.4789

 


 

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