LTC/USD: Price sits on $41.50 support line as market breakout is on the horizon
|- LTC/USD currently sits on the $41.50 support line as bears dominate the market in the last two days.
- Technical analysis shows that a price breakout is on the horizon.
LTC/USD market is currently sitting on top of the $41.50 support line. The bulls need to buckle up because technical analysis shows that a breakout is on the horizon.
LTC/USD daily chart
- The LTC/USD bears have broken past the $41.50 support line.
- The moving average convergence/divergence (MACD) histogram shows that the market’s overall bullish sentiment is reversing its trend.
LTC/USD 4-hour chart
- LTC/USD 4-hour market forms multiple bearish flags ripe for a breakout.
LTC/USD hourly chart
- LTC/USD hourly chart shows that the bulls are trying to fight back.
- The market is trending along the 20-day simple moving average (SMA 20) curve.
Key Levels
- Resistance 3: $44.5394
- Resistance 2: $43.4894
- Resistance 1: $42.4348
- Pivot Point: $41.3848
- Support 1: $40.3302
- Support 2: $39.2802
- Support 3: $38.2257
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