Rajarshi Mitra
Independent Analyst
LTC/USD 15-min chart
-636874303015963703.png)
- LTC/USD price went up by 87.6% in 15 mins.
- The price went up from $27.95 to $52.44 after previously going down from $51.75 to $27.95.
LTC/USD daily chart
-636874303270046661.png)
- Bears took back the last session, taking the price down from $53 to $52.20 as the markets opened this Wednesday.
- On Tuesday, the LTC/USD daily market had a bullish breakout from the flag formation.
- The relative strength index (RSI) curve is near the overbought side.
- The 50-day simple moving average (SMA 50) is en-route to crossing over the SMA 200 curve signaling an upcoming buy sign.
LTC/USD 4-hour chart
-636874303495364188.png)
- The last bearish candlestick brought the price back inside the 20-day Bollinger band.
- The moving average convergence/divergence (MACD) indicates that the overall market momentum remains bullish.
- Both the MACD and the Bollinger band indicates that the market is becoming more volatile.
Key Levels
- Resistance 3: $51.5054
- Resistance 2: $50.0219
- Resistance 1: $48.0759
- Pivot Point: $46.5924
- Support 1: $44.6464
- Support 2: $43.1630
- Support 3: $41.2170
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