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LTC/USD Technical Analysis: This resistance level is hitting the price hard intraday

  • The general sentiment in the crypto market is bullish today.
  • LTC/USD trades 0.45% lower while Bitcoin moves nearly 1% in the black.
LTC/USD Technical Analysis: This resistance level is hitting the price hard intraday
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

LTC/USD Hourly Chart

Looking at the hourly chart below its clear to see that the 47.22 level is giving LTC/USD some trouble.

Bitcoin, on the other hand, has broken higher and maybe this can have a lagging effect on Litecoin.

Longterm. this level was pretty significant back on 23rd October as it was where price found support after a heavy drop.

If it does give way the 48.80 level could be the next target on the way up.

Litecoin analysis

Additional Levels

LTC/USD

Overview
Today last price46.9395
Today Daily Change-0.1157
Today Daily Change %-0.25
Today daily open47.0552
 
Trends
Daily SMA2056.4831
Daily SMA5056.3606
Daily SMA10062.0041
Daily SMA20083.976
 
Levels
Previous Daily High47.6804
Previous Daily Low45.3912
Previous Weekly High60.0877
Previous Weekly Low43.6415
Previous Monthly High64.1049
Previous Monthly Low47.2078
Daily Fibonacci 38.2%46.8059
Daily Fibonacci 61.8%46.2657
Daily Pivot Point S145.7374
Daily Pivot Point S244.4197
Daily Pivot Point S343.4482
Daily Pivot Point R148.0266
Daily Pivot Point R248.9981
Daily Pivot Point R350.3159

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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