Litecoin Technical Analysis: LTC/USD falling price caught by safety net after burning in the deep south

  • Litecoin price gets dragged lower by the market bears, nursing losses just shy of 10%, through the mid-point of Thursday's session.
  • LTC/USD receives a late bounce from big support area just sub-$51.00 level.
  • Crypto expert from finder panel, Craig Cobb, predicts $50 per coin for 1 November 2018. Craig further explained that because the chart is messy, it’s difficult to predict anything other than short term.

 

 

LTC/USD 4-hour chart 


 
 

Spot rate:                  .52.832

Relative change:      -12.67%

High:                         58.530

Low:                          50.949

 

Trend:                       Bearish

 

Support 1:                50.700, 19th September low, big support area.

Support 2:                47.210, 12th September low.

Support 3:                42.350, demand zone.

Resistance 1:           52.750, resistance on 4-hour chart.

Resistance 2:           54.750, supply area.

Resistance 3:           57.900, pre-selloff level. 

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