- LTC/USD went down from $90.25 to $84.20 this Friday.
- Daily price chart shows a reversal of bullish momentum.
LTC/USD daily chart
LTC/USD has had four bearish days in a row. This Friday, the price went down from $90.25 to $84.20. The 200-day simple moving average (SMA 200) acts as immediate market support, while the SMA 20 curve acts as resistance. The moving average convergence/divergence (MACD) shows a reversal of bullish momentum.
LTC/USD 4-hour chart
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The 4-hour LTC/USD chart is trending in a downwards channel formation. The price was inside the green Ichimoku cloud before it crashed down. The 4-hour market is also trending below the SMA 200, SMA 50 and SMA 20 curves. The relative strength index (RSI) indicator is trending within the oversold zone.
LTC/USD hourly chart
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The hourly chart is trending below the SMA 200, SMA 50 and SMA 20 curves. This Friday, ETH/USD went down from $90.25 to $85, where it met support. The price then bounced up to $86.35, met resistance and dropped to $84.20. The Elliot oscillator shows three straight bullish sessions.
Key Levels
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