Litecoin Price Analysis: LTC/USD recovery hits wall at $48, can buyers hold above $45?
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Litecoin price has sustained gains above a key ascending trendline since the dip to $25 support in March. Recovery has been gradual but steady. The tu

  • Litecoin price is entering a consolidation phase after recovery was rejected at $48.
  • LTC/USD sellers’ influence is still present especially with the 50-day SMA increasing the gap under the 100-day SMA.
  • Litecoin price is entering a consolidation phase after recovery was rejected at $48.
  • Litecoin price is entering a consolidation phase after recovery was rejected at $48.
  • LTC/USD sellers’ influence is still present especially with the 50-day SMA increasing the gap under the 100-day SMA.
  • LTC/USD sellers’ influence is still present especially with the 50-day SMA increasing the gap under the 100-day SMA.

    Litecoin price has sustained gains above a key ascending trendline since the dip to $25 support in March. Recovery has been gradual but steady. The tug of war between the bears and the bulls made the $40 level impenetrable until the surge early this week when LTC/USD soared towards $50.

    However, Litecoin hit a snag at $48 and the trend settled in a sideways action above the immediate support at $45. This consolidation is supported by the horizontally moving RSI (above the average). As long as the price can hold above $45, buyers will have the time to gather the strength to attack the congestion of sellers at $48 and $50 respectively.

    On the upside, besides the resistance at $48, the 50-day SMA is in line to hinder movement targeting the critical $50. The 200-day SMA at $53.50 will also give the bulls a difficult time in the journey heading to $60.

    resistance

    Litecoin intraday levels

    Spot rate: $45.78

    Relative change: -0.8635

    Percentage change: -1.85%

    Trend: Bullish

    Volatility: Shrinking

    LTC/USD daily chart
    LTC/USD price chart


    LTC/USD price chartLTC/USD price chart

    LTC/USD

    Overview
    Today last price 45.4473
    Today Daily Change -1.1306
    Today Daily Change % -2.43
    Today daily open 46.5779
     
    Trends
    Daily SMA20 40.0761
    Daily SMA50 49.2827
    Daily SMA100 55.0356
    Daily SMA200 53.8643
     
    Levels
    Previous Daily High 47.2426
    Previous Daily Low 44.2987
    Previous Weekly High 43.0368
    Previous Weekly Low 37.0298
    Previous Monthly High 63.9927
    Previous Monthly Low 24.9467
    Daily Fibonacci 38.2% 46.1181
    Daily Fibonacci 61.8% 45.4233
    Daily Pivot Point S1 44.8369
    Daily Pivot Point S2 43.0959
    Daily Pivot Point S3 41.893
    Daily Pivot Point R1 47.7808
    Daily Pivot Point R2 48.9836
    Daily Pivot Point R3 50.7246

     

    LTC/USD

    Overview
    Today last price 45.4473
    Today Daily Change -1.1306
    Today Daily Change % -2.43
    Today daily open 46.5779
     
    Trends
    Daily SMA20 40.0761
    Daily SMA50 49.2827
    Daily SMA100 55.0356
    Daily SMA200 53.8643
     
    Levels
    Previous Daily High 47.2426
    Previous Daily Low 44.2987
    Previous Weekly High 43.0368
    Previous Weekly Low 37.0298
    Previous Monthly High 63.9927
    Previous Monthly Low 24.9467
    Daily Fibonacci 38.2% 46.1181
    Daily Fibonacci 61.8% 45.4233
    Daily Pivot Point S1 44.8369
    Daily Pivot Point S2 43.0959
    Daily Pivot Point S3 41.893
    Daily Pivot Point R1 47.7808
    Daily Pivot Point R2 48.9836
    Daily Pivot Point R3 50.7246

    LTC/USD

    Overview
    Today last price 45.4473
    Today Daily Change -1.1306
    Today Daily Change % -2.43
    Today daily open 46.5779
     
    Trends
    Daily SMA20 40.0761
    Daily SMA50 49.2827
    Daily SMA100 55.0356
    Daily SMA200 53.8643
     
    Levels
    Previous Daily High 47.2426
    Previous Daily Low 44.2987
    Previous Weekly High 43.0368
    Previous Weekly Low 37.0298
    Previous Monthly High 63.9927
    Previous Monthly Low 24.9467
    Daily Fibonacci 38.2% 46.1181
    Daily Fibonacci 61.8% 45.4233
    Daily Pivot Point S1 44.8369
    Daily Pivot Point S2 43.0959
    Daily Pivot Point S3 41.893
    Daily Pivot Point R1 47.7808
    Daily Pivot Point R2 48.9836
    Daily Pivot Point R3 50.7246

    LTC/USD

    Overview
    Today last price 45.4473
    Today Daily Change -1.1306
    Today Daily Change % -2.43
    Today daily open 46.5779
     
    Trends
    Daily SMA20 40.0761
    Daily SMA50 49.2827
    Daily SMA100 55.0356
    Daily SMA200 53.8643
     
    Overview
    Today last price 45.4473
    Today Daily Change -1.1306
    Today Daily Change % -2.43
    Today daily open 46.5779
    Overview Overview Overview Today last price 45.4473 Today Daily Change -1.1306 Today Daily Change % -2.43 Today daily open 46.5779 Today last price 45.4473 Today last price45.447345.4473 Today Daily Change -1.1306 Today Daily Change-1.1306-1.1306 Today Daily Change % -2.43 Today Daily Change %-2.43-2.43 Today daily open 46.5779 Today daily open46.577946.5779
     
    Trends
    Daily SMA20 40.0761
    Daily SMA50 49.2827
    Daily SMA100 55.0356
    Daily SMA200 53.8643
    Trends Trends Trends Daily SMA20 40.0761 Daily SMA50 49.2827 Daily SMA100 55.0356 Daily SMA200 53.8643 Daily SMA20 40.0761 Daily SMA2040.076140.0761 Daily SMA50 49.2827 Daily SMA5049.282749.2827 Daily SMA100 55.0356 Daily SMA10055.035655.0356 Daily SMA200 53.8643 Daily SMA20053.864353.8643
     
    Levels
    Previous Daily High 47.2426
    Previous Daily Low 44.2987
    Previous Weekly High 43.0368
    Previous Weekly Low 37.0298
    Previous Monthly High 63.9927
    Previous Monthly Low 24.9467
    Daily Fibonacci 38.2% 46.1181
    Daily Fibonacci 61.8% 45.4233
    Daily Pivot Point S1 44.8369
    Daily Pivot Point S2 43.0959
    Daily Pivot Point S3 41.893
    Daily Pivot Point R1 47.7808
    Daily Pivot Point R2 48.9836
    Daily Pivot Point R3 50.7246
    Levels
    Previous Daily High 47.2426
    Previous Daily Low 44.2987
    Previous Weekly High 43.0368
    Previous Weekly Low 37.0298
    Previous Monthly High 63.9927
    Previous Monthly Low 24.9467
    Daily Fibonacci 38.2% 46.1181
    Daily Fibonacci 61.8% 45.4233
    Daily Pivot Point S1 44.8369
    Daily Pivot Point S2 43.0959
    Daily Pivot Point S3 41.893
    Daily Pivot Point R1 47.7808
    Daily Pivot Point R2 48.9836
    Daily Pivot Point R3 50.7246
    Levels Levels Levels Previous Daily High 47.2426 Previous Daily Low 44.2987 Previous Weekly High 43.0368 Previous Weekly Low 37.0298 Previous Monthly High 63.9927 Previous Monthly Low 24.9467 Daily Fibonacci 38.2% 46.1181 Daily Fibonacci 61.8% 45.4233 Daily Pivot Point S1 44.8369 Daily Pivot Point S2 43.0959 Daily Pivot Point S3 41.893 Daily Pivot Point R1 47.7808 Daily Pivot Point R2 48.9836 Daily Pivot Point R3 50.7246 Previous Daily High 47.2426 Previous Daily High47.242647.2426 Previous Daily Low 44.2987 Previous Daily Low44.298744.2987 Previous Weekly High 43.0368 Previous Weekly High43.036843.0368 Previous Weekly Low 37.0298 Previous Weekly Low37.029837.0298 Previous Monthly High 63.9927 Previous Monthly High63.992763.9927 Previous Monthly Low 24.9467 Previous Monthly Low24.946724.9467 Daily Fibonacci 38.2% 46.1181 Daily Fibonacci 38.2%46.118146.1181 Daily Fibonacci 61.8% 45.4233 Daily Fibonacci 61.8%45.423345.4233 Daily Pivot Point S1 44.8369 Daily Pivot Point S144.836944.8369 Daily Pivot Point S2 43.0959 Daily Pivot Point S243.095943.0959 Daily Pivot Point S3 41.893 Daily Pivot Point S341.89341.893 Daily Pivot Point R1 47.7808 Daily Pivot Point R147.780847.7808 Daily Pivot Point R2 48.9836 Daily Pivot Point R248.983648.9836 Daily Pivot Point R3 50.7246 Daily Pivot Point R350.724650.7246