- Litecoin is trading just over 2.5% higher on Wednesday.
- There is a huge resistance level above current levels noted on the chart below.
LTC/USD daily chart
Litecoin has been performing well on Wednesday after the crypto capitulation on Tuesday. On the daily chart below there is a huge confluence level at the 50.00 level.
At the aforementioned level, there is a psychological resistance, historical support, the Fibonacci 38.2% retracement and the 200 Simple Moving Average (SMA). The candle yesterday (Tuesday) looks like it rejected the zone as the highest price point of the day was 49.90.
Looking at the indicators, the Relative Strength Index is languishing just above the 50 zone but there is a clear lack of direction. The MACD histogram is positive just above the midline and the signal lines are also above the zero line, this is also positive. On the downside a break of 41.79 would be the confirmation of the berish move so keep an eye there.
|Today last price||47.2378|
|Today Daily Change||1.2187|
|Today Daily Change %||2.65|
|Today daily open||46.0191|
|Previous Daily High||49.9214|
|Previous Daily Low||44.5477|
|Previous Weekly High||45.3078|
|Previous Weekly Low||41.7519|
|Previous Monthly High||50.0012|
|Previous Monthly Low||39.3673|
|Daily Fibonacci 38.2%||46.6005|
|Daily Fibonacci 61.8%||47.8687|
|Daily Pivot Point S1||43.7374|
|Daily Pivot Point S2||41.4557|
|Daily Pivot Point S3||38.3637|
|Daily Pivot Point R1||49.1111|
|Daily Pivot Point R2||52.2031|
|Daily Pivot Point R3||54.4848|