Home Litecoin Technical  Analysis: LTC/USD has formed a bullish pennant pattern, subject to an extended rally higher
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Litecoin Technical  Analysis: LTC/USD has formed a bullish pennant pattern, subject to an extended rally higher

  • Litecoin is very much choppy ahead of next  comitted move, following the chunky upside seen on Monday.
  • Next hurdle for LTC/USD would be to break down $84.50-85.50 region, to allow further upside come into play.  
  • Near-term support is seen around $81.50-82.00, otherwise it could be fast move back down to the mid

 

LTC/USD 60-minute chart

 

 

Spot rate:                                     83.250.

Relative change:         -0.49%.

High:                            84.532.

Low:                             81.400

 

Trend:                          Neutral.

 

Resistance  1:             84.00, (resistance on 60-minute chart).

Resistance 2:             84.45,  supply zone.

Resistance 3:             86.00, 8th July high.  

Support 1:                  82.81, (support on 60-minute chart).

Support 2:                  81.75, 5th July low.

Support 3:                  81.40, 17th July low.

 

 

 

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