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Litecoin Technical Analysis: LTC/USD undecisive as where to go next

  • LTC/USD is not seeing a lot of price action today and had a pretty indecisive day on June 17 as well.
  • Litecoin is trading at $44 at the time of writing.
Litecoin Technical Analysis: LTC/USD undecisive as where to go next
Lorenzo StroeLorenzo StroeIndependent Analyst

The seventh-largest cryptocurrency by market capitalization is slowing down significantly over the past three days. Trading at $44 currently, bulls are far from the daily 12-EMA at $44.63. LTC got rejected yesterday on June 17 from both the daily 12-EMA and the 26-EMA. 

LTC/USD daily chart

LTCUSD

Litecoin is currently in a downtrend and will need to break and close above the daily 12-EMA at $44.63 and the 26-EMA at $44.92. Both EMAs have crossed bearishly and the RSI is close to oversold again. On June 15, Litecoin formed a decent bullish reversal candlestick but failed to get any continuation. 

For support, bulls are looking at $43, the low of June 17, $41.75, the low of June 15, and $41.45. Besides the daily EMAs, there is an established resistance level at $47.17. 

LTC/USD technical levels

LTC/USD

Overview
Today last price43.9658
Today Daily Change-0.0712
Today Daily Change %-0.16
Today daily open44.037
 
Trends
Daily SMA2045.732
Daily SMA5045.1999
Daily SMA10042.9679
Daily SMA20049.506
 
Levels
Previous Daily High45.0049
Previous Daily Low43.0065
Previous Weekly High47.1719
Previous Weekly Low41.452
Previous Monthly High50.0012
Previous Monthly Low39.3673
Daily Fibonacci 38.2%44.2415
Daily Fibonacci 61.8%43.7699
Daily Pivot Point S143.0274
Daily Pivot Point S242.0178
Daily Pivot Point S341.029
Daily Pivot Point R145.0258
Daily Pivot Point R246.0145
Daily Pivot Point R347.0241

Author

Lorenzo Stroe

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

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