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Litecoin Technical Analysis: LTC/USD and the mundane range-block

  • Litecoin price on Tuesday was seen trading in minor positive territory, holding minor gains of just 0.27%.
  • LTC/USD remains stuck within a mundane daily trade range, heavily limiting movement.

LTC/USD 15-minute chart

  • Price action via the 15-minute chart view, broke out and retested the ascending channel.  

Spot rate:                34.02

Relative change:     +0.27%

High:                        34.38

Low:                         33.56

 

Trend:                       Bearish

 

Support 1:                33.34, daily pivot point support.

Support 2:                32.78, daily pivot point support.

Support 3:                32.27, daily pivot point support.

Resistance 1:           34.42, daily pivot point resistance.

Resistance  2:           34.93, daily pivot point resistance.

Resistance  3:           35.50,daily pivot point resistance.

 

LTC/USD 60-minute chart

  • Near-term price action supported by an ascending trend line formation.  

LTC/USD daily chart

  • Daily price action stuck within narrowing daily range-block formation.

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