Home Litecoin  Technical  Analysis: LTC/USD frog leaps over strong resistance trend line, that was containing price for 13 days
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Litecoin  Technical  Analysis: LTC/USD frog leaps over strong resistance trend line, that was containing price for 13 days

  • Litecoin rallies over 6%, as jump seen across the crypto market on Monday.
  • LTC/USD leap frogs over resistance that had been capping upside for the past 13 trading days.  

 

LTC/USD 60-minute chart

 

Spot rate:                                     0.46969

Relative change:               -2.01%

High:                                                   0.50472

Low:                                                      0.47800

 

Trend:                                                 Bullish

 

Resistance  1:             84.000, 61.8% Fibonacci.  

Resistance 2:              85.400, (resistance on 60-minute chart).  

Resistance 3:                        86.007, 7th July high.  

Support 1:                   82.115,  50% Fibonacci support.  

Support 2:                                    80.255, 38.2% Fibonacci & (support on 60-minute chart).

Support 3:                   78.800, on top of broken descending trend line.  

 

 

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