Litecoin Technical Analysis: LTC/USD forms a descending channel, but price takes a bounce from strong demand area and lower part of the pattern, upside eyed
|- Litecoin is seen nursing very minor losses of around 0.35% on Friday, after a week of sliding prices.
- LTC/USD has formed a descending channel pattern, with its drop seen of late.
LTC/USD 30-minute chart
Relative change: -0.35%
High: 76.148
Low: 74.864
Trend: Bearish/Neutral
Support 1: 75.790, entrance to demand zone.
Support 2: 74.880, lower part of channel.
Support 3: 75.400, 50MA.
Resistance 1: 76.555, 100MA.
Resistance 2: 77.010, upper part of channel.
Resistance 3: 77.500, (resistance on 30-minute chart).
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