|

Litecoin Technical Analysis: LTC/USD bearish flag formation eyed

  • Litecoin price on Friday is trading back in negative territory, nursing losses of around 2%. 
  • LTC/USD is still vulnerable to giving up that $30 mark once again. 

LTC/USD 15-minute chart

  • Buying kicked in at the $30 territory, propping price up in the near-term.

Spot rate:                 31.31

Relative change:      -1.95%

High:                         31.96

Low:                          30.80

Trend:                        Bearish 

Support 1:                 30.74, daily pivot point support.

Support 2:                 29.58, daily pivot point support.

Support 3:                 28.96, daily pivot point support.

Resistance 1:            32.51, daily pivot point resistance.

Resistance 2:            33.13, daily pivot point resistance.

Resistance 3:            34.29, daily pivot point resistance.

LTC/USD 60-minute chart

  • LTC/USD via the 60-minute is currently range trading, upper resistance at $33, support at $30. 

LTC/USD daily chart

  • Price action moving within a range-block formation after breaching an ascending channel formation. 

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

More from Ken Chigbo
Share:

Editor's Picks

Monero Price Forecast: XMR risks a drop below $300 under mounting bearish pressure

Monero (XMR) starts the week under pressure, recording a 4% decline at press time on Monday after a 7% drop the previous day, putting the $300 support zone in focus.

Pepe Price Forecast: PEPE holds gains as on-chain, derivatives data support recovery

Pepe (PEPE) is stabilizing at $0.0000048 at the time of writing, after recovering over 16% in the previous week. Supporting on-chain and derivatives data hint at further upside, with whale accumulation rising alongside long bets.

Cardano Price Forecast: ADA in survival mode as retail demand wanes

Cardano (ADA) is trading below $0.2800 at press time, after a 4% decline the previous day. Retail interest in ADA remains low at the start of this week, as evidenced by falling Open Interest and negative funding rates.

Solana Price Forecast: SOL consolidates under key resistance amid improving flows

Solana (SOL) is trading at $85 at the time of writing on Monday after failing to break out of the upper consolidation zone. A breakout of this zone would support an upside move.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.