- Litecoin holding modest gains well into the session on Wednesday, just some 1%.
- LTC/USD produces near-term double top formation, as seen via the 15-minute chart view.
LTC/USD 15-minute chart
Spot rate: 30.78
Relative change: +1.06%
High: 31.93
Low: 29.95
Trend: Bullish
Resistance 1: 31.32, daily pivot point resistance.
Resistance 2: 32.18, near-term double top.
Resistance 3: 33.77, daily pivot point resistance.
Support 1: 28.87, daily pivot point support.
Support 2: 27.28, daily pivot point support.
Support 3: 26.42, daily pivot point support.
LTC/USD 60-minute chart
- Double top formation can be eyed via the 60-minute chart view. Top seen around the $32.00 area.
LTC/USD 4-hour chart
- An ascending trend line can be seen providing comfort for the bulls. Should $32 be broken down, a fast move towards $35-36 could then be seen.
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