TRENDING:

GBP/USD

XAU/USD

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.

Ken Chigbo Independent Analyst

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.

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.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Top 3 Price Predictions: Bitcoin and Ethereum aim for breakouts as Ripple holds at $2

Bitcoin, Ethereum, and Ripple record a minor recovery on Monday, starting the week on a positive note. The retail demand for major cryptocurrencies remains strong despite outflows from Bitcoin and Ethereum Exchange Traded Funds (ETFs).

Top Crypto Losers: Monero extends losses below $370 as Aster and Bonk risk record lows

Altcoins, including Monero (XMR), Aster (ASTER), and Bonk (BONK), are at risk of extending their losses as the broader cryptocurrency market stalls amid the dragging peace talks between Ukraine and Russia.

Bitcoin Weekly Forecast: BTC slips under $90K, no santa rally in sight

Bitcoin traders are counting on a year-end rally, awaiting a return above the $100,000 milestone. Bitcoin-based investment products are struggling with declining inflows and weaker institutional demand, relative to the beginning of the year.

Ethereum strengthens against BTC post-Fusaka, targeting $3,200 breakout

Ethereum trades above $3,100 on Friday, with bulls aiming for a breakout above a two-month-old resistance trendline. Ethereum gains strength against Bitcoin as demand for the major altcoin increases after the Fusaka upgrade.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.

LTC/USD

LTC/USD 60-minute chart

LTC/USD daily chart

Legal Text

Markets move fast. We move first.

Editor's Picks