- LTC/USD is trading inside a daily downtrend below important EMAs
- Litecoin is facing a lot of resistance towards $50.
Litecoin is currently under a lot of selling pressure, the small bullish breakout from Bitcoin is helping Litecoin but it’s certainly not enough. The daily downtrend is still here and bulls will need a lot of strength to reverse the trend.
LTC/USD daily chart
Even with this 1.7% move to $42, Litecoin still needs to crack $42.04, the high on June 30 and $42.23, the high on June 29. Buyers are also facing the 12-EMA resistance level established at $42.38 followed by the 26-EMA at $43.27. There is more resistance around $43.54 and $44 psychological level.
Unfortunately, when it comes to support levels, Litecoin doesn’t have many besides the low of June 27 at $39.44 and $38 from April 16.
LTC/USD technical levels
|Today last price||41.8718|
|Today Daily Change||0.6851|
|Today Daily Change %||1.66|
|Today daily open||41.1867|
|Previous Daily High||42.0496|
|Previous Daily Low||40.7456|
|Previous Weekly High||44.6516|
|Previous Weekly Low||41.3218|
|Previous Monthly High||49.9214|
|Previous Monthly Low||39.4455|
|Daily Fibonacci 38.2%||41.2437|
|Daily Fibonacci 61.8%||41.5515|
|Daily Pivot Point S1||40.605|
|Daily Pivot Point S2||40.0233|
|Daily Pivot Point S3||39.301|
|Daily Pivot Point R1||41.909|
|Daily Pivot Point R2||42.6313|
|Daily Pivot Point R3||43.2131|