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Litecoin Technical Analysis: LTC/USD seeing a drop below the big psychological $100 mark remains possible

  • Litcoin price late on Monday was seen trading up in minor positive territory of some 0.3%.  
  • LTC/USD price action has formed a bearish flag pattern formation.

LTC/USD 15-minute chart

  • Price action has formed a bearish flag pattern as seen across the time frames, subject to an extended break lower.

Spot rate:                  30.93

Relative change:       +0.35%

High:                          31.43

Low:                           30.72

 

Trend:                        Neutral

 

Support 1:                 29.69, daily pivot point support.

Support 2:                 28.62, daily pivot point support.

Support 3:                 26.74, daily pivot point support.

Resistance 1:            32.63, daily pivot point resistance.

Resistance  2:            34.50, daily pivot point resistance.

Resistance  3:            35.58, daily pivot point resistance.

 

LTC/USD 4-hour chart

  • Price action is moving within a bearish flag formation structure, via the 4-hour.

LTC/USD daily chart

  •  LTC/USD via the daily chart view is narrowing, stuck within a eleven session tight range.

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