Home / Litecoin / Litecoin technical analysis: the LTC / USD bulls are trying to repeat the test on the broken penny model

Litecoin technical analysis: the LTC / USD bulls are trying to repeat the test on the broken penny model

  • Litecoin saw the bulls wake up on Tuesday, after taking a few shots in the previous session. Viewed over 1%.
  • The LTC / USD bulls could potentially undergo a new test after the bearish break with the pennant model.
  • If you were to observe a refusal during the test, you could follow a further sales pressure.

4-hour LTC / USD chart

Spot rate: 49.254

Relative change: + 1.17%

High: 51.864

Low: 47.693

Trend: bullish

Resistance: 50,000, psychological resistance.

Resistance: 51.671, under the broken gagliardina and 50MA.

Resistance: 52.550, 100MA (4 hours).

Support 1: 48.450, support (4 hours).

Support 2: 47.210, minimum monthly.

Support 3: 46.960, daily support of the articulation point.

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