Litecoin technical analysis: large daily LTC / USD waste

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  • Litecoin sold 5.5% of the bulk in the final stages of the Friday session.
  • The LTC / USD price resulted in a strong daily rejection, based on the downtrend.
  • Given the refusal mentioned, the price is going to test the newly formed lower area. Key support around the $ 27 mark.

LTC / USD daily table

Spot rate: 31.74

Relative change: -5.5%

High: 34.29

Low: 31.04

Trend: bearish

Support 1: 31.42, daily support of the articulation point.

Support 2: 29.90, daily support of the articulation point.

Support 3: 27.13, 25 November bottom.

Resistance 1: 34.10, descending trend line.

Resistance 2: 35.19, resistance to the daily rotation point.

Resistance 3: 36.71, resistance to the daily rotation point.

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