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Litecoin Technical Analysis: Price breaks pattern to the downside as a new wave of selling kicks in

  • A new wave of selling has push the price of the major cryptos lower.
  • LTC/USD has just broken below a technical pattern.
Litecoin Technical Analysis: Price breaks pattern to the downside as a new wave of selling kicks in
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

LTC/USD 60-Minute Chart

The crypto market has started selling of once again within the last 30 minutes.

LTC/USD was vunerable for a break lower and now the triangle pattern has been taken out.

The major low is at 43.80 and we are far from that point at the moment.

Litecoin Technical analysis

Additional Levels

LTC/USD

Overview
Today last price45.0179
Today Daily Change-0.6741
Today Daily Change %-1.48
Today daily open 45.692
 
Trends
Daily SMA2047.4615
Daily SMA5053.9908
Daily SMA10058.6533
Daily SMA20081.513
 
Levels
Previous Daily High46.3719
Previous Daily Low44.9811
Previous Weekly High48.5063
Previous Weekly Low43.8063
Previous Monthly High66.2492
Previous Monthly Low42.351
Daily Fibonacci 38.2%45.8406
Daily Fibonacci 61.8%45.5124
Daily Pivot Point S144.9914
Daily Pivot Point S244.2908
Daily Pivot Point S343.6006
Daily Pivot Point R146.3823
Daily Pivot Point R247.0725
Daily Pivot Point R347.7732

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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