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LTC/USD daily chart

  • LTC/USD went up from $100.50 to $104 this Saturday.
  • The bulls need to overcome the resistance level at $107.
  • The market is trending above the 200-day simple moving average (SMA 200), SMA 50 and SMA 20 curves.
  • The latest session finds support at the upward trending line.
  • The relative strength index (RSI) indicator is trending at 66.67 next to the overbought zone.

LTC/USD 4-hour chart

  • The latest session is trending above the upper curve of the 20-day Bollinger band, which shows that it may be over-valued and faces correction.
  • The 4-hour market was trending in a flag formation from which it had a bullish breakout.
  • The widening of the 20-day Bollinger band indicates higher market volatility.
  • The moving average convergence/divergence (MACD) indicator shows increased bullish momentum.
  • The SMA 20 curve has crossed over the SMA 50 curve which is a bullish sign.

LTC/USD hourly chart

  • The hourly LTC/USD price had a bullish breakout from the green cloud of the Ichimoku indicator.
  • The price is currently trending upwards in a channel formation.
  • The Ichimoku indicator shows that the upcoming future market sentiment is bearish.
  • The Elliot oscillator has had two straight bullish sessions following six consecutive bearish sessions.

Key levels