• Litecoin falls 4.29% for the session and dips under 70.00 again.
  • Price is now headed to an important support zone at 67.73.

 

LTC/USD breaks through the psychological support zone of 70.00 and now is looking for support at lower levels.

Price is now headed to the trendline support that matches with a horizontal support level that has proved useful in the past.

Price action is looking extremely bearish and a lower high lower low has been formed.

The RSI is now headed to the low oversold bound on the four-hour chart.

The mean value area on the chart is 72.94 but on the distribution below it stands just below 67.00.

LTC/USD technical analysis

 

    1. R3 75.6008
    2. R2 74.4532
    3. R1 73.38
  1. PP 72.2325
    1. S1 71.1593
    2. S2 70.0117
    3. S3 68.9386

 

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