Litecoin Technical Analysis: LTC/USD life kicked back into the bulls
|- Litecoin price on Tuesday is seen holding decent gains of some 3% in the second half of the day.
- LTC/USD despite the decent gains in the session, price action is still trapped within a tight daily range.
LTC/USD 15-minute chart
- Bulls attempting to breakdown near-term supply heading into $28, around session high.
Spot rate: 27.98
Relative change: +3.25%
High: 32.02
Low: 29.63
Trend: Neutral
Support 1: 30.58, daily pivot point support.
Support 2: 30.12, daily pivot point support.
Support 3: 29.70, daily pivot point support.
Resistance 1: 31.46, daily pivot point resistance.
Resistance 2: 31.88, daily pivot point resistance.
Resistance 3: 32.34, daily pivot point resistance.
LTC/USD 60-minute chart
- LTC/USD price action has broken out from a range-block formation, bulls looking to capitalize.
LTC/USD daily chart
- LTC/USD stuck motionless within a stubborn mundane trading range.
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.