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.
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.
