Litecoin Technical Analysis: LTC/USD double-digit dancing for bulls
|- Litecoin price storms ahead, holding big gains of around as much as 10% on Monday.
- LTC/USD bulls broke out from a range-block which had been containing the price near-term.
- Resistance is seen heading into the $30 mark, around the $29 territory.
LTC/USD 15-minute chart
Spot rate: 28.05
Relative change: +10.05%
High: 29.16
Low: 25.54
Trend: Bullish
Resistance 1: 28.82, daily pivot point support.
Resistance 2: 29.00, near-term supply area.
Resistance 3: 30.60, 7 December high.
Support 1: 23.85, daily pivot point support.
Support 2: 22.07, daily pivot point support.
Support 3: 20.48, daily pivot point support.
LTC/USD 60-minute chart
- Bulls see minor retreat, after running into near-term supply. Demand eyed just below at $25.50.
LTC/USD daily chart
- Bulls are enjoying four consecutive sessions in the green, on the road to recovery.
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