Based on today's classical pivot point (P1) with the value of $58.98, Litecoin has support levels of $57.07, $55.25, and the strongest at $53.35. Similarly, Litecoin resistance levels are at $60.80, $62.70, and $64.52.
| # | Price | Strength |
|---|---|---|
| S1 | $57.07 | |
| S2 | $55.25 | |
| S3 | $53.35 |
| # | Price | Strength |
|---|---|---|
| R1 | $60.80 | |
| R2 | $62.70 | |
| R3 | $64.52 |
Technical indicators are an essential tool for conducting technical analysis. They provide insights into an asset's market status, investor sentiment, and more, thereby helping investors make more informed trading decisions.
| Period | Value | Action |
|---|---|---|
| RSI (14) | 19.09 | BUY |
| Stoch RSI (14) | 5.95 | BUY |
| Stochastic Fast (14) | 11.83 | BUY |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 59.50 | SELL |
| Awesome Oscillator (5, 34) | -9.98 | NEUTRAL |
| Momentum (10) | -9.70 | NEUTRAL |
| MACD (12, 26) | -0.84 | NEUTRAL |
| Williams Percent Range (14) | -88.17 | BUY |
| Ultimate Oscillator (7, 14, 28) | 46.95 | NEUTRAL |
| VWMA (10) | 65.50 | SELL |
| Hull Moving Average (9) | 62.45 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 70.29 | NEUTRAL |
Over the past 7 days, Litecoin price was most positively correlated with the price of Floki Inu (FLOKI), Immutable X (IMX), Filecoin (FIL), Dogecoin (DOGE) and Conflux (CFX) and most negatively correlated with the price of Decred (DCR), Hyperliquid (HYPE), Morpho (MORPHO), Stacks (STX) and Sun Token (SUN).
| Name | Correlation |
|---|---|
| Floki Inu | 0.993 |
| Immutable X | 0.993 |
| Filecoin | 0.992 |
| Dogecoin | 0.992 |
| Conflux | 0.991 |
| Name | Correlation |
|---|---|
| Decred | -0.611 |
| Hyperliquid | -0.132 |
| Morpho | 0.105 |
| Stacks | 0.293 |
| Sun Token | 0.406 |
Litecoin price is positively correlated with the top 10 coins by market cap with a price of 0.953, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.882.
Currencies that are positively correlated with Litecoin indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Litecoin, a move in one direction for Litecoin would translate into a move in the opposite direction for the negatively correlated coin.
