Litecoin Technical Analysis: $72.50 back in play as buyers give up near $80

• Wednesday’s technical correction finds resistance near $80, where the 20-DMA is sitting.
• The RSI on the daily chart edges lower toward 30.
• With a break below $72.50, LTC/USD will renew its lowest level since November 2017 and could attract more sellers following a profit-taking action.

LTC/USD daily chart

Spot rate:                  76.30

Relative change:        -2.4%

High:                         78.25

Low:                          74.28

Trend:                      Bearish

Support 1:                 72.50 (2018 low/ Jun. 29 low).

Support 2:                 64.70 (Nov. 17, 2017, low/static level).    

Support 3:                 57.75  (Nov. 11/10 low/static level).    

Resistance  1:            80 (Jul. 11 high/20-DMA/psychological level).

Resistance 2:            90 (Jul. 3/Jul. 4 high).

Resistance 3:            98 (Fibo. 23.6% retracement of May 6  – Jun. 29 fall)