BITFINEX:LTCUSD   Litecoin / U.S. Dollar
This past week, there was a decent support formed near $26.00 in litecoin price against the US dollar . The LTC/USD pair started a solid recovery and traded above the $30.00 and $35.00 resistances.
https://ethereumworldnews.com/wp-content/uploads/2018/12/Litecoin_Price_Chart-2.png
Looking at the 4-hour chart, LTC price formed a low and later climbed above the $32.00 resistance. There was a break above the 50% Fib retracement level of the last major decline from the $43.01 high to $26.63 low.
However, the upside move was capped by the $36.60-37.00 zone and the 100 simple moving average (4-hour). Moreover, the price failed to break a major bearish trend line with current resistance at $32.50 on the same chart.
Finally, there was a rejection near the 61.8% Fib retracement level of the last major decline from the $43.01 high to $26.63 low. As a result, there was a fresh decline below $32.00 and a major bullish trend line with support at $32.50 on the same chart.
The price is now trading well below the $35.00 level and the 100 simple moving average (4-hour). It seems like the price may continue to move down and it could break the $30.00 and $28.00 levels.
If sellers remain in action, the price could even break the $26.60 swing low and test the $25.00 support level . Overall, litecoin price remains in a significant downtrend as long as it is below $35.00. If LTC sellers push the price below $25.00, there could be a sharp decline towards the $20.00 level.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out