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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.
LTC/USD Technical Analysis: Price is rejecting resistance levels after move lower
Rajan Dhall, MSTARajan Dhall, MSTAFX 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 price46.8233
Today Daily Change2.7741
Today Daily Change %6.30
Today daily open44.0492
 
Trends
Daily SMA2057.844
Daily SMA5056.7655
Daily SMA10062.5986
Daily SMA20084.2651
 
Levels
Previous Daily High48.3857
Previous Daily Low43.6427
Previous Weekly High60.0877
Previous Weekly Low43.6415
Previous Monthly High64.1049
Previous Monthly Low47.2078
Daily Fibonacci 38.2%45.4545
Daily Fibonacci 61.8%46.5739
Daily Pivot Point S142.3327
Daily Pivot Point S240.6162
Daily Pivot Point S337.5897
Daily Pivot Point R147.0757
Daily Pivot Point R250.1022
Daily Pivot Point R351.8187

Author

Rajan Dhall, MSTA

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

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