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  • Litecoin price seen nursing some steepening losses on Tuesday, down 3.7%.
  • LTC/USD bull hopes are fading, given the breach in the lower trend line of a bull flag pattern.

 

LTC/USD 30-minute chart

Spot rate:                                     78.511

Relative change:               -3.70%

High:                                                   82.531

Low:                                                       78.020

 

Trend:                                                 Bearish

 

 

Support 1:                                  75.000, 100MA & lower trend line of bull flag.

Support 2:                                    73.391, 24th June low.

Support 3:                                    71.747, 29th November low.

Resistance 1:                          79.405, lower trend line of initial bull flag.

Resistance 2:                          80.365, 100MA.

Resistance 3:                           81.600, 50MA.