Home Litecoin Litecoin Price Prediction: LTC/USD has no significant support levels – Confluence Detector – FXStreet

Litecoin Price Prediction: LTC/USD has no significant support levels – Confluence Detector – FXStreet

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  • LTC/USD went up from $72.90 to $73 this Saturday.
  • LTC/USD has no significant support levels.

LTC/USD went up from $72.90 to $73 as the markets opened this Saturday. Any upward movement is limited since there is a critical resistance level at $74.50. On the downside, there are no significant support levels so further downward movement is possible.

LTC/USD Daily Confluence Detector

Resistance levels lie at $74.50, $75, and $77-$77.50. The confluences at those levels are:

  • $74.50: Daily previous high, monthly pivot point resistance 2, and weekly 38.2% Fibonacci retracement level. 
  • $75: Daily pivot point resistance 1.
  • $77-$77.50: Daily pivot point resistance 2, SMA 50, SMA 200, SMA 10, and weekly 61.8% Fibonacci retracement level.

Support levels are at $72.50, $69.50, and $67-$67.75. The confluences at those levels are:

  • $72.50: Daily 38.2% Fibonacci retracement level and weekly 23.6% Fibonacci retracement level.
  • $69.50: Daily Bollinger band lower curve and daily previous low.
  • $67-$67.75: Daily pivot point support 2, weekly pivot point support 1, and monthly pivot point resistance 1.
     

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