Litecoin Technical Analysis: LTC/USD bulls drop out from the sky, luckily they have a parachute

0
45


  • Litecoin price suffered on Monday dropping as much as 5%, inline with a cooling seen across the board.  
  • LTC/USD breached a near-term supporting trend line, seeing sellers quickly jump.
  • Further free-fall was prevented by demand zone within $57 territory. 

 

LTC/USD 60-minute chart 


 

Spot rate:                   58.268

Relative change:       -5.15%

High:                          61.494

Low:                           57.009

 

Trend:                        Bearish.

 

Support 1:                  57.000, demand zone.

Support 2:                  56.400, support on 60-minute chart.

Support 3:                  53.830, consolidation area 20 Sept before bull run.

Resistance 1:             59.070, 100MA.

Resistance 2:             60.470, 50MA.

Resistance 3:              61.330,  underneath broken ascending trend line.

 

 

 

 

Get the 5 most predictable currency pairs



Article Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here