Litecoin Technical Analysis: LTC/USD must hold above $57 for big gains north


  • Litecoin price on Wednesday trading up with gains of some 3.15% in the second half of the session, outperforming several of its peers. 
  • LTC/USD price action via the daily continues to move within a bullish pennant structure.
  • Bulls managed to extend to the upside breaking out from a descending channel formation. 

 

Spot rate:                 0.3061

Relative change:      +1.45%

High:                        0.3104

Low:                         0.3003

 

Trend:                       Bullish 

LTC/USD

Overview
Today last price 60.3789
Today Daily Change 1.3744
Today Daily Change % 2.33
Today daily open 59.0045
 
Trends
Daily SMA20 58.6252
Daily SMA50 50.3928
Daily SMA100 41.1735
Daily SMA200 44.3914
 
Levels
Previous Daily High 59.3938
Previous Daily Low 57.5977
Previous Weekly High 63.0977
Previous Weekly Low 57.6462
Previous Monthly High 53.9838
Previous Monthly Low 30.8359
Daily Fibonacci 38.2% 58.2838
Daily Fibonacci 61.8% 58.7077
Daily Pivot Point S1 57.9368
Daily Pivot Point S2 56.8692
Daily Pivot Point S3 56.1407
Daily Pivot Point R1 59.733
Daily Pivot Point R2 60.4615
Daily Pivot Point R3 61.5292

 

LTC/USD 60-minute chart

  • Big bull action sees price smash out to the upside from a descending channel formation. 

LTC/USD daily chart

  • Daily price action continues to move within a bullish pennant pattern formation. 

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