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Litecoin technical analysis: LTC / USD further danger in waiting

  • Litecoin's price recorded modest gains of 0.7% in the second half of Wednesday's session.
  • The LTC / USD price action has formed a bearish pennant pattern, subject to a move extended to the south.
  • The weekly support continues to contain, around the low area of ​​June 2017.

Chart 60 minutes LTC / USD

Spot rate: 33.53

Relative change: + 0.70%

High: 38.00

Low: 31.52

Trend: bullish / neutral

Support 1: 32.88, lower trend line of the pennant model.

Support 2: 31.50, required area.

Support 3: 29.77, daily support of the articulation point.

Resistance 1: 34.20, upper trend line of the banner model.

Resistance 2: 37.02, resistance at the daily articulation point.

Resistance 3: 41.14, resistance to the daily rotation point.

Weekly chart LTC / USD

  • The weekly support is still being tested around the low area of ​​June 2017, a violation and closure could be punitive.

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