Home Litecoin Technical  Analysis: LTC/USD has formed a near-term bearish flag pattern
Crypto News

Litecoin Technical  Analysis: LTC/USD has formed a near-term bearish flag pattern

  • Litecoin was one of the out-performers in the session on Friday. Chunky gains seen of over 4%.
  • LTC/USD price has has formed a bearish flag pattern, seen on the 60-minute chart view.

 

 

LTC/USD 60-minute chart  

 
 

Spot rate:                   53.050

Relative change:        +4.42%

High:                          54.180

Low:                           50.891

 

Trend:                        Bullish

 

Resistance  1:            53.350, upper part of flag.

Resistance  2:            55.550, resistance on 60-minute chart.

Resistance  3:            57.800, consolidation area 10 Oct prior to fall.

Support 1:                 51.800, support on 60-minute chart.

Support  2:                 50.650, demand area.

Support  3:                 50.350, lower part of flag.

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.