Litecoin Technical Analysis: LTC/USD takes a huge leap for the stars


  • Litecoin price on Wednesday makes a chunky jump of over 7% in the session. 
  • LTC/USD being cushioned near-term by an ascending trend line via the 15-minute chart view.
  • Near-term barrier within the $25 territory is proving to be a problem for greater upside.  

LTC/USD 15-minute chart
 

 

 

Spot rate:                  24.99

Relative change:      +7.27%

High:                         25.21

Low:                          23.23

 

 

Trend:                        Bearish

 

Support 1:                  24.40, ascending trend line.

Support 2:                  22.67, daily pivot point support.

Support 3:                  21.94, daily pivot point support.

Resistance 1:             25.00, near-term supply.

Resistance 2:             25.45, daily pivot point resistance.

Resistance 3:             26.18, daily pivot point resistance.

 

LTC/USD 4-hour chart

  • Bulls have managed to break above descending trend line, which was proving to be a tough line of resistance.

 

 

LTC/USD daily chart

  • Bulls heading for first daily close in the green so far this week. They mus break above $25-26 area for greater upside. 

 

 

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

BTC/USD shoots higher following Bakkt news

Above is the 5-minute BTC/USD chart which shows the powerful surge in volume when the Bakkt announcement was made. The arrow shows the exact time of the release, prior to the story BTC/USD was trading close to 10,000.00 and bouncing off the mean value price for the day. 

More Bitcoin News

Ripple price analysis: Confluence detector shows a lack of healthy resistance and support levels

Ripple is currently trending in a flag formation and is priced at $0.259. This Thursday, the bulls kicked in after the price fell to $0.242 and took the price up to $0.264. 

More Ripple News

Cardano Foundation partners with Berlin blockchain venture studio Konfidio, market reaction muted

The Cardano Foundation revealed that they have partnered up with Berlin blockchain venture studio Konfidio. The main aim of the partnership will be to execute real-world business cases on the Cardano blockchain. According to their announcement:

More Cardano News

Ethereum: ETH/USD bear trapped below broken support range

Ethereum defended the support at $170 before a shallow recovery pulled the price above $180. ETH/USD must reclaim position in the broken support range between $190 - $200.

More Ethereum News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Safe-haven or a high-yield asset? Bitcoin qualifies for both

The cryptocurrency market has been a mixed picture this week. Bitcoin attempted to settle above $12,000 practically every single day of the week...

Read the weekly forecast

BTC

ETH

XRP