LTC/USD trends in a downward channel formation, within the green Ichimoku cloud

Fibo Quantum

  • LTC/USD bears have stayed in control of the market for the second straight day.
  • The MACD shows sustained bearish market momentum.

LTC/USD daily chart

LTC/USD fell from $43.426 to $43.07 in the early hours of Friday as it continues to trend inside the green Ichimoku cloud. William’s%R is trending at -70, right next to the oversold zone following recent price action. The MACD indicates sustained bearish momentum.

Support and Resistance

LTC/USD has strong resistance at $43.80, $44.55, SMA 50 and SMA 20. On the downside, healthy support lies at $42.35 and $41.15.

Key levels