Home Litecoin Technical Analysis: LTC/USD bearish flag formation eyed
Crypto News

Litecoin Technical Analysis: LTC/USD bearish flag formation eyed

  • Litecoin price on Friday is trading back in negative territory, nursing losses of around 2%.  
  • LTC/USD is still vulnerable to giving up that $30 mark once again.  

 

LTC/USD 15-minute chart

  • Buying kicked in at the $30 territory, propping price up in the near-term.

Spot rate:                  31.31

Relative change:       -1.95%

High:                          31.96

Low:                           30.80

 

Trend:                         Bearish  

 

Support 1:                  30.74, daily pivot point support.

Support 2:                  29.58, daily pivot point support.

Support 3:                  28.96, daily pivot point support.

Resistance 1:             32.51, daily pivot point resistance.

Resistance  2:             33.13, daily pivot point resistance.

Resistance  3:             34.29, daily pivot point resistance.

 

LTC/USD 60-minute chart

  • LTC/USD via the 60-minute is currently range trading, upper resistance at $33, support at $30.  

 

LTC/USD daily chart

  • Price action moving within a range-block formation after breaching an ascending channel formation.  

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.