Home Litecoin Technical  Analysis: LTC/USD rockets out from a bullish pennant, highest levels in over three weeks, coin transactions spike
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Litecoin Technical  Analysis: LTC/USD rockets out from a bullish pennant, highest levels in over three weeks, coin transactions spike

  • Litecoin price on Tuesday sees huge out performance, jumping over 4%.
  • LTC/USD rallies out from a bullish pennant pattern that was initially containing bulls.  

 

LTC/USD 4-hour chart


 

Spot rate:                   68.396

Relative change:        +4.35%

High:                           69.160

Low:                            65.378

 

Trend:                         Bullish

 

Resistance 1:              69.160, today’s (Tuesday) high.

Resistance 2:             72.470, bottom of consolidation range seen 5-6 August.

Resistance 3:             75.122, 7th August high before large selling.

Support 1:                   67.810, 1st September high.

Support    2:                  65.525, above broken pennant.

Support    3:                  64.250, 2nd & 3rd bottom area.

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