Rajarshi Mitra
Independent Analyst
- LTC/USD has gone down from $82.75 to $67 over the last ten days.
- LTC/USD lacks healthy support levels until $63.
LTC/USD went down from $69 to $67 this Monday. This is the third consecutive day that LTC/USD has experienced a bearish session. LTC/USD has also had nine bearish days among the last ten. In the previous ten days, LTC/USD has gone down from $82.75 to $67, losing a whopping 19% of its value. The daily confluence detector shows that price may drop down to $63 as it lacks any sound support levels.
LTC/USD Daily Support
LTC/USD daily support shows a lack of any significant support levels until $63. The support levels lie at $63 and $62. The confluences at those levels are:
- $63: Previous month high.
- $62: Weekly pivot point support 2.
LTC/USD faces several stacks of resistance at $67.25 - $67.75, $68.25 - $68.75, $70, and $70.75. The confluences at those levels are:
- $67.25 - $67.75: SMA 10, weekly pivot point support 1, 15-min Bollinger band middle curve, SMA 50, SMA 5, daily pivot point support 1, and monthly pivot point resistance 1.
- $68.25 - $68.75: Hourly Bollinger band middle curve, daily Bollinger band lower curve, SMA 100, SMA 5, and daily previous low.
- $70: Daily 38.2% Fibonacci retracement level.
- $70.75: 4-hour Bollinger band middle curve and daily 61.8% Fibonacci retracement level.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Ripple wipes out weekly gains, experts comment on role of Ripple stablecoin
Ripple declined to $0.52 on Thursday, erasing all gains registered earlier this week. Ripple SVP Eric van Miltenburg’s comments on the firm’s stablecoin, and how it is expected to benefit the XRP Ledger and native token XRP have raised concerns among crypto experts.
Hedera HBAR slips nearly 10% after air is cleared on mistaken link with giant BlackRock
HBAR price is down nearly 10% on Thursday, partly erasing gains inspired by the misinterpreted link with BlackRock. Despite the recent correction, Hedera’s price is up 44% in the past seven days.
The reason behind Bonk’s 105% rise and if you should buy now Premium
Bonk price has shot up 105% in the past five weeks. A retracement into $0.0000216 or the $0.0000152 to $0.0000186 imbalance would be a good buying opportunity. Patient investors can expect double-digit gains from BONK that could extend up to 70%.
Injective price weakness persists despite over 5.9 million INJ tokens burned
Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price. Coupled with broader market gloom, INJ token’s doomed days may not be over yet.
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?