Litecoin Technical Analysis: LTC / USD forms a downward channel, but the price takes a rebound from the strong demand area and from the bottom of the model, upside down



  • Litecoin is seen suffering very little losses of around 0.35% on Friday, after a week of sliding prices.
  • LTC / USD has formed a descending channel model, with its decline seen recently.

30-minute LTC / USD chart

Spot rate: 75.849

Relative change: -0.35%

High: 76.148

Low: 74.864

Trend: Bearish / Neutral [19659007]

Support 1: 75.790, entry to the requested area.

Support 2: 74.880, lower part of the channel.

Support 3: 75.400, 50MA.

Resistance 1: 76.555, 100MA.

Resistance 2: 77.010, upper part of the canal.

Resistance 3: 77,500, (resistance on the 30-minute chart).

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