Search ForexCrunch
  • Litecoin on Monday seen up over 2%, after maintaining some upside momentum, following the decent bounce in the previous session.
  • A bull flag pattern is seen on the 30-minute time frame, which could see the price breakout back to $90+.

 

 

LTC/USD 30-minute  chart

 

 

Spot rate:                                     82.33

Relative change:               +2.14%

High:                                                     83.84

Low:                                                        78.55

 

Trend:                                                  Bullish/Neutral  

 

Resistance  1:                          83.70, upper trend line of bull flag.

Resistance 2:                          86.70, (resistance on 30-minute chart).

Resistance  3:                           88.35, supply zone entry.

Support 1:                                  80.25, 50 & 100MAs.

Support 2:                                    78.68, lower trend line of bull flag.

Support 3:                                    75.06, (support on 30-minute chart).