Litecoin Technical Analysis: LTC/USD trapped within a $15 range, another breakout is imminent

  • Litecoin surges 4.5% during afternoon trading on Thursday, after starting the session in negative territory.
  • LTC/USD bounces off support seen at the lower part of an ascending channel via the 15-minute chart.
  • Market bulls are gunning for a firm reclaim and push back above $100 mark.

 

LTC/USD 15-minute chart

Spot rate:                    99.63

Relative change:         +6.60%

High:                            99.75

Low:                            92.47

 

Trend:                          Bullish

 

 

Resistance 1:             100.30, (resistance on 15-minute chart)

Resistance 2:             108.25, 12th June high.

Resistance 3:             114.33, 10th June high.

Support 1:                  97.75, previous supply zone, now potential support.

Support 2:                  96.00, 50MA.

Support 3:                  94.66, 100MA, lower trend line of channel.

 

 

 

 

 

 


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