- LTC/USD opened at $60.84 this Friday.
- LTC/USD daily confluence detector shows only one strong resistance level en-route to $65.
LTC/USD opened at $60.84 this Friday and is sitting under a significantly strong resistance level at $61. If the bulls can break through this level, then they have a clear path till $65. LTC/USD bulls got outfought by the bears this Thursday as the price fell from $61.80 to $60.80.
LTC/USD daily confluence detector
LTC/USD daily chart shows only one prominent resistance level at $61. The confluences at that level are – 50-day simple moving average (SMA 50), 15-min previous high, SMA 5, SMA 200, 15-min Bollinger upper curve, SMA 10, daily 28.2% Fibonacci retracement level, hourly Bollinger band middle curve, hourly previous high, and 4-hour previous high.
The daily confluence detector shows four strong support levels at $60.25, $60, $59.25, and $56.50. The confluences at those levels are:
- $60.25: SMA 10, 4-hour Bollinger band middle curve, and daily 61.8% Fibonacci retracement level.
- $60: Weekly 38.2% Fibonacci retracement level and daily pivot point support 1.
- $59.25: Daily previous low and weekly 23.6% Fibonacci retracement level.
- $56.50: Monthly pivot point resistance 1.
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