Litecoin Technical Analysis: LTC/USD comes within a touching distance of 2018 lows, stages modest recovery
|- LTC/USD touches fresh 10-day low at $74.30, recovers above $76 in the last hour before testing 2018 low at $72.50.
- RSI indicator on the 4-hour chart suggests that the recovery is a technical correction rather than a fundamentally supported rise.
Spot rate: 76.05
Relative change: -5.5%
High: 80.55
Low: 74.30
Trend: Bearish
Support 1: 72.50 (2018 low/ Jun. 29 low).
Support 2: 64.70 (Nov. 17, 2017, low/horizontal level)..
Support 3: 57.75 (Nov. 11/10 low/horizontal level).
Resistance 1: 82 (20-DMA).
Resistance 2: 90 (Fibo. 38.2% retracement of Jun. 9 - 29 fall).
Resistance 3: 100/103 (psychological level/Fibo. 61.8% retracement of Jun. 9 - 29 fall)
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