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Litecoin Technical Analysis: LTC/USD bulls making another big attempt

Litecoin price holding modest gains in the early part of the session, up 0.60%.
LTC/USD supported near-term by an ascending trend line, seen via the 60-minute.
A push above the $35-36 region will be key for greater upside to be seen over the coming days.

Ken Chigbo Independent Analyst

LTC/USD 4-hour chart

Spot rate: 34.77

Relative change: +0.68%

High: 35.39

Low: 33.00

Trend: Neutral/Bullish

Resistance 1: 36.00, supply area.

Resistance 2: 36.95, daily pivot point resistance.

Resistance 3: 39.26, daily pivot point resistance.

Support 1: 31.67, daily pivot point support.

Support 2: 28.70, daily pivot point support.

Support 3: 26.39, daily pivot point support.

LTC/USD 60-minute chart

LTC/USD current upside run being supported by an ascending trend line via the 60-minute.

Author

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.

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