Home Litecoin (LTC/USD) Technical Analysis: Bullish Signs Displayed on 4-hour Chart
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Litecoin (LTC/USD) Technical Analysis: Bullish Signs Displayed on 4-hour Chart

  • The Litecoin (LTC) price is seen as an out-performer in comparison to some of its peers, up over 1%.
  • LTC/USD price action formed a descending channel pattern, current 4-hour candlestick making a break above.  

 

LTC/USD 4-hour  chart  


 

Spot rate:                   52.995

Relative change:       +1.05%

High:                          53.060

Low:                           52.093

 

Trend:                        Bearish/Neutral

 

Resistance  1:            53.275, 50MA (4-hour).

Resistance  2:            53.906,resistance on 4-hour chart.

Resistance  3:            55.000, supply area.

Support 1:                 52.615, descending channel.

Support  2:                 51.567,  lower part of channel & support.  

Support  3:                 50.250, demand area.

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