Litecoin Daily market analysis [20200127]

Litecoin Price Today
Litecoin Price $123.48

Price Change 24h
$-9.22
7.46%🔻

24h Low / 24h High
$118.79 /
$136.01

Trading Volume 24h
$5,698,071,715.15
6.17%🔻

A blended beginning to the day saw Litecoin ascend to an early morning intraday high $139.79 prior to hitting reverse.

Missing the mark concerning the principal significant obstruction level at $144.34, Litecoin slid to an early evening intraday low $128.41.

Litecoin fell through the primary significant help level at $133.27 and the subsequent significant help level at $129.41.

Discovering support late in the day, Litecoin momentarily returned to $136 levels prior to moving back.

At the hour of composing, Litecoin was somewhere around 0.88% to $133.60. A blended beginning to the day saw Litecoin ascend to an early morning high $135.13 prior to tumbling to a low $133.48.

Litecoin would have to move back through the $134.33 turn level to help a run at the main significant opposition level at $140.25.

Backing from the more extensive market would be required, be that as it may, for Litecoin to crush spirit through to $140 levels.

Notwithstanding an all-inclusive crypto rally, the principal significant obstruction level would almost certainly cover any potential gain.

In case of an all-inclusive breakout, Litecoin could test obstruction the second significant opposition level at $145.71 and the 23.6% FIB of $148.

Inability to move back through the $134.33 rotate level would bring first significant help level at $128.87 into play.

Blocking another all-encompassing auction, Litecoin should avoid the subsequent significant help level at $122.95. The 38.2% FIB of $125 should restrict the disadvantage.

Indicators

First Major Support Level: $128.87

Rotate Level: $134.33

First Major Resistance Level: $140.25

23.6% FIB Retracement Level: $148

38.2% FIB Retracement Level: $125

62% FIB Retracement Level: $87