Litecoin Technical Analysis: LTC / USD another rejection from the downtrend trend line, $ 72 key support area is still vulnerable to a violation

  • Litecoin was only seen for about 1% on Tuesday, while the rise was characterized by a strong downtrend.
  • The rise in the LTC / USD consisted of late appearances likely to sell rallies given the long-term trend that remains intact.

60-minute LTC / USD chart

Spot frequency: 74.253

Relative change: + 0.95%

High: 75.150

Low: 73.160

Trend: Bearish
[19659005] Support 1: 74.110, 50MA.

Support 2: 72.810, entry to the requested area.

Support 3: 72.155, 4 and 5 August low, (minimum 9 months).

Resistance 1: 75.100, downtrend line and supply zone.

Resistance 2: 77.055 (Resistance on the 60 minute chart).

Resistance 3: 78.140, maximum of 4 August.

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