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Litecoin Technical Analysis: LTC/USD hit a top after highest level since October  2018

  • Litecoin price late on Friday is nursing some losses of 0.5%, after a generally muted session.  
  • LTC/USD produces a double top area up at October 2018 high levels.  

 

Spot rate:                  137.40

Relative change:       -0.37%

High:                          141.27

Low:                           136.21

 

Trends:
       Daily SMA20:  48.3858
       Daily SMA50:  40.2695
       Daily SMA100:  35.4117
       Daily SMA200:  44.5238
Levels:
       Previous Daily High:  59.5887
       Previous Daily Low:  54.299
       Previous Weekly High:  53.9838
       Previous Weekly Low:  42.9646
       Previous Monthly High:  53.9838
       Previous Monthly Low:  30.8359
       Daily Fibonacci 38.2%:  57.568
       Daily Fibonacci 61.8%:  56.3197
       Daily Pivot Point S1:  54.5312
       Daily Pivot Point S2:  51.7702
       Daily Pivot Point S3:  49.2414
       Daily Pivot Point R1:  59.821
       Daily Pivot Point R2:  62.3497
       Daily Pivot Point R3:  65.1107
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LTC/USD 60-minute chart

  • Price action is ranging via the 60-minute losing upside momentum, subject to possible drop.  

LTC/USD daily chart

 

  • LTC/USD subject to ending the three day run of gains, as bulls run into  chunky  area of resistance via the daily.  

 

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