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11/25/2019 17:03:00 GMT

LTC/USD Technical Analysis: Price is rejecting resistance levels after move lower

Litecoin is trading 6.21% higher today after dropping to a low of 42.45 before the EU open.
Now the LTC/USD is struggling to push above the resistance level of 47.30.

Rajan Dhall, MSTA FX Daily

LTC/USD 4-Hour Price Chart

The Litecoin price has performed well today after dropping to a low of 42.35 earlier on in the session.

Now resistance levels are in focus as 47.30 caps gains for now.

Above that, there are two other interesting levels close by. One being the Fibonacci 23.6% resistance and the other the 48.62 consolidation high.

LTC/BTC is still holding gains and trades 1.29% higher meaning Litecoin is the better performer this afternoon.

Litecoin Analysis

Additional Level

LTC/USD

Overview
Today last price	46.8233
Today Daily Change	2.7741
Today Daily Change %	6.30
Today daily open	44.0492

Trends
Daily SMA20	57.844
Daily SMA50	56.7655
Daily SMA100	62.5986
Daily SMA200	84.2651

Levels
Previous Daily High	48.3857
Previous Daily Low	43.6427
Previous Weekly High	60.0877
Previous Weekly Low	43.6415
Previous Monthly High	64.1049
Previous Monthly Low	47.2078
Daily Fibonacci 38.2%	45.4545
Daily Fibonacci 61.8%	46.5739
Daily Pivot Point S1	42.3327
Daily Pivot Point S2	40.6162
Daily Pivot Point S3	37.5897
Daily Pivot Point R1	47.0757
Daily Pivot Point R2	50.1022
Daily Pivot Point R3	51.8187

Author

Rajan Dhall, MSTA

Rajan Dhall, MSTA

FX Daily

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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