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  • Litecoin price Wednesday trading firmly in the green with gains of 5%, so far in the session.  
  • LTC/USD shooting higher within a steep ascending channel formation, seen via the 30-minute chart.  
  • Near-term key resistance seen within the $33-34 range, top area of the 24th November.  

 

LTC/USD 30-minute chart

 
 

Spot rate:                   32.63

Relative change:       +5.01%

High:                          33.30

Low:                           31.01

 

Trend:                         Bullish

 

Resistance 1:              33.57, top area 24 November, supply zone.

Resistance  2:              35.47, daily pivot point resistance.

Resistance  3:              40.00, psychological resistance.  

Support 1:                   29.24, daily pivot point support.

Support 2:                   27.34, daily pivot point support.

Support 3:                   26.13, daily pivot point support.

 

LTC/USD daily chart

  • LTC/USD demonstrates new bottom area around the $27-29 price region.