Litecoin technical analysis: LTC/USD strings together two heavily bullish days to re-enter $100-zone


  • LTC/USD went up from $79.75 to $102 over the last two days.
  • Elliot oscillator had two straight bullish sessions after two weeks of bearish sessions.

LTC/USD daily chart

fxsoriginal

LTC/USD has dropped from $102 to 99.60 in the early hours of Friday after meeting market resistance. Before this, LTC/USD had two heavily bearish days where the price spiked from $79.75 to $102. The Elliot oscillator had two straight bullish sessions after two weeks of bearish sessions.

LTC/USD 4-hour chart

fxsoriginal

The 4-hour price chart shows a bearish breakout from the upward trending line. The price is floating below the green Ichimoku cloud. The relative strength index (RSI) indicator was going into the overbought zone when it bounced down and is currently trending around 63.63.

LTC/USD hourly chart

fxsoriginal

The hourly chart has been trending horizontally and has touched the 20-day simple moving average (SMA 20) curve. The price is still in the upper half of the 20-day Bollinger band. The moving average convergence/divergence show two bearish sessions following ten straight bullish sessions, indicating that the bears are fighting back in the short term.

Key Levels

LTC/USD

Overview
Today last price 99.3737
Today Daily Change -1.9090
Today Daily Change % -1.88
Today daily open 101.2827
 
Trends
Daily SMA20 110.3826
Daily SMA50 119.3394
Daily SMA100 101.9407
Daily SMA200 74.7665
Levels
Previous Daily High 104.7412
Previous Daily Low 87.128
Previous Weekly High 125.6252
Previous Weekly Low 95.0808
Previous Monthly High 146.2716
Previous Monthly Low 97.5782
Daily Fibonacci 38.2% 98.0129
Daily Fibonacci 61.8% 93.8562
Daily Pivot Point S1 90.6934
Daily Pivot Point S2 80.1041
Daily Pivot Point S3 73.0803
Daily Pivot Point R1 108.3066
Daily Pivot Point R2 115.3304
Daily Pivot Point R3 125.9197

 


 

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

Bitcoin Price Analysis: BTC/USD makes it way above 61,8% Fibo retracement

Bitcoin hit the intraday bottom at $7,092 and recovered to the area above $7,400 by the time of writing. While it is still below Wednesday's high ($7,770), the upside momentum Amai gain traction if the price settles above pivotal $7,350 (61,8% Fibo retracement for the move from $3,226 to $13924).

More Bitcoin News

Litecoin Price Analysis: LTC/USD false breakout culminates in a bull trap

Litecoin is trading at $44.33 after a minor recovery from $43.93 (intraday low). Over the last few days, apart from yesterday, Litecoin has been forming a lower high and a lower low pattern.

More Litecoin News

Ethereum Price Analysis: ETH/USD gives back early gains to trade below $146.00

ETH/USD is trading `under $146.00, off the intraday low at $144.03. Despite the sharp movements on Wednesday, November 4, and during early Asian hours on Thursday, the second-largest digital asset has stayed unchanged on a day-to-day basis. 

More Ethereum News

Ripple price analysis: $0.2200 is a hard nut to crack for XRP/USD bulls

Ripple's XRP hit $0.2263 on Wednesday amid strong rally on the cryptocurrency market. However, the upside momentum proved to be unsustainable as the coin retreated below $0.2200 and tested $0.2124 low during early Asian hours. 

More Ripple News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Black Friday injects some volatility into the market

Whether the market has reached the bottom, or more sell-off is in store, the time and the illiquid holiday markets will tell. 

Read the weekly forecast

BTC

ETH

XRP