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Litecoin Technical Analysis: LTC/USD  life kicked back into the bulls

  • Litecoin price on Tuesday is seen holding decent gains of some 3% in the second half of the day.  
  • LTC/USD despite the decent gains in the session, price action is still trapped within a tight daily range.  

LTC/USD 15-minute chart

  • Bulls attempting to breakdown near-term supply heading into $28, around session high.

Spot rate:                  27.98

Relative change:       +3.25%

High:                          32.02

Low:                           29.63

 

Trend:                        Neutral

 

Support 1:                 30.58, daily pivot point support.

Support 2:                 30.12, daily pivot point support.

Support 3:                 29.70, daily pivot point support.

Resistance 1:            31.46, daily pivot point resistance.

Resistance  2:            31.88, daily pivot point resistance.

Resistance  3:            32.34, daily pivot point resistance.

 

LTC/USD 60-minute chart

  • LTC/USD price action has broken out from a range-block formation, bulls looking to capitalize.  

LTC/USD daily chart

  •  LTC/USD stuck motionless within a stubborn mundane trading range.  

 

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