Litecoin Technical Analysis: LTC/USD bulls making another big attempt

  • Litecoin price holding modest gains in the early part of the session, up 0.60%.
  • LTC/USD supported near-term by an ascending trend line, seen via the 60-minute.
  • A push above the $35-36 region will be key for greater upside to be seen over the coming days. 

LTC/USD 4-hour chart

 
 

Spot rate:                  34.77

Relative change:      +0.68%

High:                         35.39

Low:                          33.00

 

Trend:                        Neutral/Bullish

 

Resistance 1:             36.00, supply area.

Resistance 2:             36.95, daily pivot point resistance. 

Resistance 3:             39.26, daily pivot point resistance. 

Support 1:                  31.67, daily pivot point support. 

Support 2:                  28.70, daily pivot point support.

Support 3:                  26.39, daily pivot point support. 

 

LTC/USD 60-minute chart

  • LTC/USD current upside run being supported by an ascending trend line via the 60-minute.

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.