Litecoin Technical Analysis: LTC/USD at a game changing area, make or break? $LTC

  • Litecoin price was under attack on Thursday, dropping as much 4%.
  • LTC/USD touches key ascending trend line, which has been running since 14th August. 
  • Price has been falling within a descending channel and arguable a bullish flag on a larger scale. 

 

 

LTC/USD 4-hour chart


 

Spot rate:                   59.180

Relative change:       -3.86%

High:                          61.667

Low:                           58.606

 

Trend:                        Bearish

 

Support 1:                  58.606, today’s (Thursday) low and key ascending trend line. 

Support  2:                 58.250, 50MA.

Support  3:                 57.332, 100MA.

Resistance 1:            59.799. resistance on 4-hour chart.

Resistance 2:            60.493, upper trend line of descending channel & 13th August high.

Resistance 3:            62.420, 18th August high.

 

 

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