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- 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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