Home Litecoin Technical Analysis: LTC/USD subject to another steep fall, as price moving within bearish pennant
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Litecoin Technical Analysis: LTC/USD subject to another steep fall, as price moving within bearish pennant

FX Street
Published date:
  • Litecoin price late on Thursday nursing some losses of around 1.4%.
  • LTC/USD daily price action is moving within a bearish pennant structure.  

LTC/USD 15-minute chart

  • Near-term price action sees LTC/USD moving within consolidation mode, vulnerable to downside risks.  

Spot rate:                31.40

Relative change:     -1.40%

High:                        32.50

Low:                         31.17

 

Trend:                       Bearish

 

Support 1:                30.98, daily pivot point support.

Support 2:                30.12, daily pivot point support.

Support 3:                29.57, daily pivot point support.

Resistance 1:           32.39, daily pivot point resistance.

Resistance  2:           32.94, daily pivot point resistance.

Resistance  3:           33.80, daily pivot point resistance.

 

LTC/USD 60-minute chart

  • LTC/USD 60-minute chart view sees price bouncing within an ascending channel formation.

LTC/USD daily chart

  • Price action remains stuck within a bearish pennant pattern structure.  

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