Litecoin Technical Analysis: LTC/USD seeing a drop below the big psychological $100 mark remains possible
|- Litcoin price late on Monday was seen trading up in minor positive territory of some 0.3%.
- LTC/USD price action has formed a bearish flag pattern formation.
LTC/USD 15-minute chart
- Price action has formed a bearish flag pattern as seen across the time frames, subject to an extended break lower.
Spot rate: 30.93
Relative change: +0.35%
High: 31.43
Low: 30.72
Trend: Neutral
Support 1: 29.69, daily pivot point support.
Support 2: 28.62, daily pivot point support.
Support 3: 26.74, daily pivot point support.
Resistance 1: 32.63, daily pivot point resistance.
Resistance 2: 34.50, daily pivot point resistance.
Resistance 3: 35.58, daily pivot point resistance.
LTC/USD 4-hour chart
- Price action is moving within a bearish flag formation structure, via the 4-hour.
LTC/USD daily chart
- LTC/USD via the daily chart view is narrowing, stuck within a eleven session tight range.
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