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  • LTC/USD currently sits on the $41.50 support line as bears dominate the market in the last two days.
  • Technical analysis shows that a price breakout is on the horizon.

LTC/USD market is currently sitting on top of the $41.50 support line. The bulls need to buckle up because technical analysis shows that a breakout is on the horizon.  

LTC/USD daily chart

  • The LTC/USD bears have broken past the $41.50 support line.
  • The moving average convergence/divergence (MACD) histogram shows that the market’s overall bullish sentiment is reversing its trend.  

LTC/USD 4-hour chart

  • LTC/USD 4-hour market forms multiple bearish flags ripe for a breakout.

LTC/USD hourly chart

  • LTC/USD hourly chart shows that the bulls are trying to fight back.
  • The market is trending along the 20-day simple moving average (SMA 20) curve.

Key Levels

  • Resistance 3: $44.5394
  • Resistance 2: $43.4894
  • Resistance 1: $42.4348
  • Pivot Point: $41.3848
  • Support 1: $40.3302
  • Support 2: $39.2802
  • Support 3: $38.2257