Litecoin Technical Analysis: LTC/USD bears smash through vital near-term support

  • Litecoin price on Wednesday nursing notable losses of 1.80% in the second half of the session.
  • LTC/USD near-term price action has smashed through an ascending trend line. 

LTC/USD 15-minute chart

  • LTC/USD bears smashed through near-term ascending trend line support. 

 

 

Spot rate:                  38.88

Relative change:      -1.83%

High:                         40.49

Low:                          38.71

 

Trend:                        Neutral

 

Support 1:                  37.75, daily pivot point support.

Support 2:                  35.97, daily pivot point support.

Support 3:                  34.09, daily pivot point support.

Resistance 1:             41.40, daily pivot point resistance.

Resistance 2:             43.27, daily pivot point resistance.

Resistance 3:             45.05, daily pivot point resistance.

 

LTC/USD 4-hour chart

  • Price action moving within a near-term range-block formation, high at $41.50 low at $37.50.

LTC/USD daily chart

  • Longer-term price action is supported by a running ascending trend line. 

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