- LTC/USD is priced at $82 as markets opened this Friday.
- With enough momentum, bulls can take LTC/USD up to $86.
LTC/USD bears have eked out the bulls as markets opened this Friday, trading at $82. This Thursday, the LTC/USD bulls had a field day, taking the price up from $79 to $82.37, reaching a high of $83.75. The confluence detector shows us that with enough momentum, bulls can take LTC/USD up to $86. On the downside, the market is sitting on the $82 support level.
LTC/USD Daily Confluence Detector
Significant resistance levels lie at $83.20-$84, $86, and $88.50. The confluences at those levels are at:
- $83.20-$84: Weekly 38.2% Fibonacci retracement level, 100-day simple moving average curve (SMA 100), 4-hour previous high, and daily previous high.
- $86: Monthly pivot point resistance 3.
- $88.50: Weekly 61.8% Fibonacci retracement level.
Support levels are at $82, $80.50, and $80.25. The confluences at those levels are:
- $82: Hourly Bollinger band middle curve, SMA 10, hourly previous low, and 4-hour previous low.
- $80.50: SMA 5, SMA 10, and SMA 50.
- $80.25: Weekly 23.6% Fibonacci retracement level and SMA 50.
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