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Litecoin

Litecoin Technical Analysis: LTC/USD rallies remain vulnerable to being sold in current trend

  • Litecoin price is trading in minor positive territory by some 2.7% in the session on Friday. 
  • LTC/USD is looking to snap the current four-session consecutive run of losses.
  • Critical near-term daily support should be noted at $40-39 range. 

LTC/USD weekly chart

The weekly structure remains largely tilted to the downside, which has very much been the case since late June. 

LTC/USD daily chart

Price action via the daily chart view is moving within a descending channel structure. 

Spot rate:                  40.30

Relative change:      +2.70%

High:                          41.50

Low:                           39.61

LTC/USD

OVERVIEW
Today last price41.0801
Today Daily Change1.0434
Today Daily Change %2.61
Today daily open40.0367
TRENDS
Daily SMA2041.9532
Daily SMA5048.6586
Daily SMA10053.9519
Daily SMA20075.7779
LEVELS
Previous Daily High41.7412
Previous Daily Low39.6308
Previous Weekly High44.0681
Previous Weekly Low35.9836
Previous Monthly High66.2492
Previous Monthly Low42.351
Daily Fibonacci 38.2%40.437
Daily Fibonacci 61.8%40.935
Daily Pivot Point S139.1979
Daily Pivot Point S238.3591
Daily Pivot Point S337.0875
Daily Pivot Point R141.3084
Daily Pivot Point R242.58
Daily Pivot Point R343.4188

source : fxstreet

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