Litecoin technical analysis: LTC/USD remains range-bound


  • Litecoin defends s $50 support but movement north fails to break above $60 resistance zone.
  • Litecoin stays between the 50 SMA on the one-hour chart resistance and the 100 SMA support.

Spot rate: $57.047

Relative change: +0.4055

Resistance: $60 and $80

Support: $55 and $50

LTC/USD daily chart

Litecoin is bullish according to the upward trend Relative Strength Index (RSI).

LTC/USD must break above the resistance at $60 for an upward correction to the supply zone at $80.

LTC/USD 240’ chart

Litecoin stays above the 100 Simple Moving Average (SMA) support giving way for a bullish trend towards $60.

$55 is coming count as key support likely to give way for higher movement in the near-term. Besides the RSI is holding ground above 50.

LTC/USD 60’chart

Litecoin immediate upside hindered by the descending trendline resistance.

A break above the short-term trendline is likely to give LTC a boost towards $60.

LTC/USD

Overview
Today last price 57.0582
Today Daily Change 0.5297
Today Daily Change % 0.94
Today daily open 56.5285
 
Trends
Daily SMA20 56.3153
Daily SMA50 64.4416
Daily SMA100 78.0148
Daily SMA200 88.2455
 
Levels
Previous Daily High 57.8297
Previous Daily Low 55.6109
Previous Weekly High 60.1263
Previous Weekly Low 53.1023
Previous Monthly High 80.2956
Previous Monthly Low 50.399
Daily Fibonacci 38.2% 56.9821
Daily Fibonacci 61.8% 56.4584
Daily Pivot Point S1 55.483
Daily Pivot Point S2 54.4375
Daily Pivot Point S3 53.2642
Daily Pivot Point R1 57.7018
Daily Pivot Point R2 58.8751
Daily Pivot Point R3 59.9206

 

 

 

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