Litecoin technical analysis: LTC/USD major barrier at $120 needs to be broken for greater gains


  • LItecoin price is trading with gains of over 4% in the second part of the session on Friday. 
  • LTC/USD bulls trying to break down heavy daily supply around the $120 territory. 
  • Anticipation heading into the Litecoin halving appears to be driving some momentum, it is happening in some 60 days. 

 

Spot rate:                 116.36

Relative change:      +4.45%

High:                        116.42

Low:                         109.95

LTC/USD

Overview
Today last price 115.6577
Today Daily Change 4.2663
Today Daily Change % 3.83
Today daily open 111.3914
 
Trends
Daily SMA20 103.8384
Daily SMA50 89.0397
Daily SMA100 77.2829
Daily SMA200 55.6637
Levels
Previous Daily High 112.171
Previous Daily Low 101.0757
Previous Weekly High 122.0347
Previous Weekly Low 99.2339
Previous Monthly High 122.0347
Previous Monthly Low 72.2954
Daily Fibonacci 38.2% 107.9326
Daily Fibonacci 61.8% 105.3141
Daily Pivot Point S1 104.2544
Daily Pivot Point S2 97.1175
Daily Pivot Point S3 93.1592
Daily Pivot Point R1 115.3497
Daily Pivot Point R2 119.3079
Daily Pivot Point R3 126.4449

 

LTC/USD 60-minute chart

  • The significance of the $120 price territory can be seen clearly via the 60-minute view. 

LTC/USD daily chart

  • Price action via the daily is resting a critical area of supply up at $120, a break could invite a stronger wave of buying pressure.

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

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Opportunity in Bitcoin for bargain hunters

First, the strong bullish move yesterday by Bitcoin, which gained more than $1,000 in 60 minutes. The movement has placed the BTC/USD pair above all major moving averages and opens the door to further rises in the absence of relevant resistance.

More Bitcoin News

Ripple’s XRP recovery from April lows marks the beginning to breakout

Ripple has dived massively from the recent highs. The breakout above both the 50 Simple Moving Average (SMA) 1-D and the 100 SMA 1-D propelled XRP past critical hurdles. For the first in 2019, the price exchanged hands above $0.5. 

More Ripple News

Litecoin market overview: LTC/USD oversold and ready to bounce

Litecoin is showing signs of exhaustion from the downtrend experienced from the beginning of July. Recovery to June highs around $146 has been impossible with the path of least resistance having an affinity to the south.

More Litecoin News

Ethereum 2.0 January 3, 2020 launch date remains unconfirmed

The Ethereum ecosystem is preparing for what is known as the biggest milestone for the network, Ethereum 2.0. The new protocol is still in the development stages and researchers have recently told the community that it is possible that there will be a delay in the launch.

More Ethereum News

Bitcoin Weekly Forecast: bulls lick wounds after major sell-off

The cryptocurrency market has lived through a dreadful week as Bitcoin(BTC), and all major altcoins crashed below several important support levels. 

Read the weekly forecast

BTC

ETH

XRP