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  • Litecoin price is struggling on Monday, holding losses of over 2% in the session.
  • LTC/USD bulls printed the highest level since September 2018, before running into the supply.
  • Near-term top area observed between the region of $62-63, also observed on 16th March.

Spot rate:                  59.51

Relative change:       -2.50%

High:                         63.09

Low:                          58.49

       Daily SMA20:  53.4829
       Daily SMA50:  45.4378
       Daily SMA100:  37.9878
       Daily SMA200:  44.5514
       Previous Daily High:  61.6663
       Previous Daily Low:  60.1314
       Previous Weekly High:  59.5591
       Previous Weekly Low:  52.8137
       Previous Monthly High:  53.9838
       Previous Monthly Low:  30.8359
       Daily Fibonacci 38.2%:  60.7177
       Daily Fibonacci 61.8%:  61.0799
       Daily Pivot Point S1:  60.1943
       Daily Pivot Point S2:  59.3954
       Daily Pivot Point S3:  58.6593
       Daily Pivot Point R1:  61.7292
       Daily Pivot Point R2:  62.4652
       Daily Pivot Point R3:  63.2641

LTC/USD 15-minute chart

  • There is a potential bearish flag formation here via the 15-minute chart view, subject to further selling pressure.  

LTC/USD 60-minute chart

  • The top area observed within the price region of $62-63, which was the high area of 16th March.

LTC/USD daily chart

  • Bulls managed to run the price up to the highest levels since September  2018,  but ran out of steam.