- 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.
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.
|Today last price||57.0582|
|Today Daily Change||0.5297|
|Today Daily Change %||0.94|
|Today daily open||56.5285|
|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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