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Litecoin Price Analysis: LTC/USD trends in a downward channel formation, within the green Ichimoku cloud

  • LTC/USD bears have stayed in control of the market for the second straight day.
  • The MACD shows sustained bearish market momentum.

LTC/USD daily chart

LTC/USD daily chart

LTC/USD fell from $43.426 to $43.07 in the early hours of Friday as it continues to trend inside the green Ichimoku cloud. William’s%R is trending at -70, right next to the oversold zone following recent price action. The MACD indicates sustained bearish momentum.

Support and Resistance

LTC/USD has strong resistance at $43.80, $44.55, SMA 50 and SMA 20. On the downside, healthy support lies at $42.35 and $41.15.

Key levels

BTC/USD

Overview
Today last price9314.59
Today Daily Change-62.27
Today Daily Change %-0.66
Today daily open9376.86
 
Trends
Daily SMA209607.74
Daily SMA509372.66
Daily SMA1008038.38
Daily SMA2008229.58
 
Levels
Previous Daily High9480.16
Previous Daily Low9270.95
Previous Weekly High10007.88
Previous Weekly Low9072.17
Previous Monthly High10074.48
Previous Monthly Low8105.58
Daily Fibonacci 38.2%9350.86
Daily Fibonacci 61.8%9400.24
Daily Pivot Point S19271.82
Daily Pivot Point S29166.78
Daily Pivot Point S39062.61
Daily Pivot Point R19481.03
Daily Pivot Point R29585.2
Daily Pivot Point R39690.24


 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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