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- On Monday the price of oil fell by a large 6%, the bulls failed to capitalize on the rebound on Sunday.
- The LTC / USD recovery is in danger, a very short rebound for Litecoin.
- A violation of the Sunday low will invite strong selling pressure, which could see the $ 20 territory at great risk.
LTC / USD daily table
Spot rate: 29.70
Relative change: -5.96%
High: 32.18
Low: 28.62
Trend: bearish
Support 1: 27.76, daily support of the articulation point.
Support 2: 24.65, daily support of the articulation point.
Support 3: 22.40, daily support of the articulation point.
Resistance 1: 31.65, supply area.
Resistance 2: 33.12, resistance to the daily articulation point. .
Resistance 3: 35.37, resistance to the daily rotation point. .
Chart 60 minutes LTC / USD
- Bears are driving the price towards a short-term trend line, a violation will probably see the Sunday rebound area put on the downside.
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