- LTC/USD bounces off three-day low inside a bullish chart pattern.
- A confluence of channel’s support, 50-SMA tests short-term sellers, bulls aim for February’s high.
LTC/USD picks up bids near $218.00, up 1.82% intraday, during early Monday. In doing so, the cryptocurrency pair recovers from the lowest since Friday as RSI pullback from overbought territory catches a breather inside a three-week-old rising channel.
Given the pair’s rejection to the previous consolidation, inside a bullish chart pattern, LTC/USD eyes to revisit the $230.00 round-figure during the latest upside momentum.
However, the stated channel’s resistance line around $233.00, followed by February’s high near $247.00, will be tough nuts to crack for LTC/USD bulls.
Meanwhile, sellers will find it difficult unless breaking convergence of 50-SMA and the stated channel’s support line, around $203.00, a break of which can drag the quote towards an ascending trend line from late January, currently around $168.00.
If at all, LTC/USD sellers dominate past-$168, February’s bottom surrounding $153 will be the key.
Overall, LTC/USD remains in an upward trajectory with a bumpy road to the north.
LTC/USD four-hour chart
Trend: Further upside expected
ADDITIONAL IMPORTANT LEVELS
|Today last price||217.9022|
|Today Daily Change||3.8972|
|Today Daily Change %||1.82%|
|Today daily open||214.005|
|Previous Daily High||227.9324|
|Previous Daily Low||213.9862|
|Previous Weekly High||224.279|
|Previous Weekly Low||180.0235|
|Previous Monthly High||246.9216|
|Previous Monthly Low||126.0637|
|Daily Fibonacci 38.2%||219.3137|
|Daily Fibonacci 61.8%||222.605|
|Daily Pivot Point S1||209.35|
|Daily Pivot Point S2||204.695|
|Daily Pivot Point S3||195.4037|
|Daily Pivot Point R1||223.2962|
|Daily Pivot Point R2||232.5874|
|Daily Pivot Point R3||237.2424|