Rajarshi Mitra
Independent Analyst
- LTC/USD went up from $74.20 to $77.60 this Friday.
- Bulls face middling resistances at $78.75 and $78.
LTC/USD had a bullish Friday as its price went up from $74.20 to $77.60. Currently, the asset is trading for $77.40 as markets opened this Saturday. There is more growth projected in the near future, as the daily confluence detector shows middling resistances at $78.75 and $78. If the bulls can overcome that, the price can easily surpass $80.
LTC/USD Daily Price Prediction
The resistance levels are at $78 and $78.75. The confluences at those levels are at:
- $78.75: Pivot point resistance 2.
- $78: Weekly 23.6% Fibonacci retracement level, hourly previous high, and 200-day simple moving average (SMA 200) curve.
The support levels are at $75.25-$75.75 and $74.75. The confluences at those level are at:
- $75.25-$75.75: SMA 100, SMA 10, monthly 61.8% Fibonacci retracement level, SMA 50, hourly Bollinger band lower curve, weekly 38.2% Fibonacci retracement level, daily 61.8% Fibonacci retracement level, SMA 200, and SMA 5.
- $74.75: SMA 50 and daily Bollinger band middle curve.
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