Litecoin Technical Analysis: LTC/USD comes very close to testing $100 to the downside, but manages to receive buying interest within $102 area

  • Litecoin price fell over around 15% in the past couple of sessions, in-line with a mass cooling in prices across the board.
  • LTC/USD within recent trading has formed a rising wedge pattern, since hitting lows of $102.70 on Sunday.
  • The big bear attack may not be over just yet, with the below demand zone eyed within mid $80 territory.

 

LTC/USD 30-minute chart

Spot rate:                    106.02

Relative change:         -0.35%

High:                            108.49

Low:                            103.82

 

Trend:                          Bearish/Neutral

 

 

Support 1:                   105.20, lower trend line of wedge pattern.  

Support 2:                   100.00, psychological support on 60-minute chart.  

Support 3:                   90.00, demand zone.

Resistance 1:              107.05, 50MA.

Resistance 2:              108.90, upper trend line of wedge pattern.

Resistance 3:              1151.50, 100MA.  

 

 

 

 

 

 


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