empty
 
 
29.08.2025 07:34 AM
Litecoin will attempt to test its nearest support level today. Friday, August 29, 2025.

[Litecoin] – [Friday, August 29, 2025]

Litecoin has the potential to weaken today because the two EMAs have crossed, even though The RSI remains at the Neutral Bullish level.

Key Levels

1. Resistance 2: 115.87.

2. Resistance 1: 114.04.

3. Pivot: 112.70.

4. Support 1: 110.87.

5. Support 2: 109.53.

Tactical Scenario

Pressure Risk Zone: If Litecoin breaks through and closes below 112.70, it could potentially continue its decline to 110.87.

Momentum Extension Bias: If 110.87 is successfully broken through and closes below it, Litecoin could potentially continue its decline to 109.53.

Invalidation Level / Bias Revision

Downside bias is maintained if Litecoin's price strengthens again and breaks through and closes above 115.87.

Technical Summary

EMA(50): 113.09.

EMA(200): 113.73.

RSI(14): 54.49.

Economic News Release Agenda:

Tonight, there will be economic data releases from the United States, including:

US - Core PCE Price Index m/m - 19:30 WIB

US - Goods Trade Balance - 19:30 WIB

US - Personal Income m/m - 19:30 WIB

US - Personal Spending m/m - 19:30 WIB

US - Prelim Wholesale Inventories m/m - 19:30 WIB

US - Chicago PMI - 20:45 WIB

US - Revised UoM Consumer Sentiment - 21:00 WIB

US - Revised UoM Inflation Expectations - 21:00 WIB

This image is no longer relevant

Summary
Urgency
Analytic
Arief Makmur
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In August we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback