Litecoin Technical Analysis: LTC/USD has the opportunity for upside, but bulls must capitalize or be punished
|- Litecoin price trading down over 2% into the session on Thursday, after starting the session higher.
- LTC/USD had formed a double bottom pattern formation as seen on the daily chart view.
- Failure to hold $27-26 demand zone can see a very fast fall down to the deep south.
LTC/USD daily chart
Spot rate: 28.25
Relative change: -2.25%
High: 30.33
Low: 27.73
Trend: Bearish
Support 1: 28.07, daily pivot point support.
Support 2: 27.23, daily pivot point support.
Support 3: 25.63, daily pivot point support.
Resistance 1: 30.50, upper part of current range block.
Resistance 2: 32.10, daily pivot point resistance.
Resistance 3: 32.93, daily pivot point resistance.
LTC/USD 60-minute chart
- Litecoin Technical Analysis: LTC/USD has the opportunity for upside, but bulls must capitalize or be punished
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