Litecoin Technical Analysis: LTC / USD in a game exchange area, creation or termination?

  • Litecoin's price was under attack on Thursday, a 4% decline.
  • LTC / USD touches the key rising trend line, ongoing since August 14th.
  • The price has fallen within a downtrend channel and a bullish flag can be sustained on a larger scale.

LTC / USD 4-hour chart

Spot rate: 59.180

Relative change: -3.86%

High: 61.667

Low: 58.606

Trend: Bearish

Support 1: 58.606, today (Thursday) low and the key rising trend line.

Support 2: 58.250, 50MA.

Support 3: 57.332, 100MA.

Resistance 1: 59.799. resistance on the 4-hour chart.

Resistance 2: 60.493, upper trend line of the descending and high channel of August 13th.

Resistance 3: 62.420, maximum of 18 August.

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