Home Litecoin Technical Analysis: LTC/USD at jeopardy of retesting the lows seen on 24th June at $73.39, which could be disastrous for any bull hopes

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Litecoin Technical Analysis: LTC/USD at jeopardy of retesting the lows seen on 24th June at $73.39, which could be disastrous for any bull hopes

FX Street

Updated: 26 Jun. 2018 | 16:41

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.

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