Litecoin Technical Analysis: LTC/USD undecisive as where to go next

LTC/USD is not seeing a lot of price action today and had a pretty indecisive day on June 17 as well.
Litecoin is trading at $44 at the time of writing.

Lorenzo Stroe Independent Analyst

The seventh-largest cryptocurrency by market capitalization is slowing down significantly over the past three days. Trading at $44 currently, bulls are far from the daily 12-EMA at $44.63. LTC got rejected yesterday on June 17 from both the daily 12-EMA and the 26-EMA.

LTC/USD daily chart

Litecoin is currently in a downtrend and will need to break and close above the daily 12-EMA at $44.63 and the 26-EMA at $44.92. Both EMAs have crossed bearishly and the RSI is close to oversold again. On June 15, Litecoin formed a decent bullish reversal candlestick but failed to get any continuation.

For support, bulls are looking at $43, the low of June 17, $41.75, the low of June 15, and $41.45. Besides the daily EMAs, there is an established resistance level at $47.17.

LTC/USD technical levels

LTC/USD

Overview
Today last price	43.9658
Today Daily Change	-0.0712
Today Daily Change %	-0.16
Today daily open	44.037

Trends
Daily SMA20	45.732
Daily SMA50	45.1999
Daily SMA100	42.9679
Daily SMA200	49.506

Levels
Previous Daily High	45.0049
Previous Daily Low	43.0065
Previous Weekly High	47.1719
Previous Weekly Low	41.452
Previous Monthly High	50.0012
Previous Monthly Low	39.3673
Daily Fibonacci 38.2%	44.2415
Daily Fibonacci 61.8%	43.7699
Daily Pivot Point S1	43.0274
Daily Pivot Point S2	42.0178
Daily Pivot Point S3	41.029
Daily Pivot Point R1	45.0258
Daily Pivot Point R2	46.0145
Daily Pivot Point R3	47.0241

Author

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

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