[ad_1]
- The price of Litecoin was seen to record modest gains in the last stages of Tuesday, up by around 1%.
- The LTC / USD price action is shifting to an increasing channel formation, subject to a possible south break.
- A $ 30 bankruptcy could be catastrophic for Litecoin, a new wave of sales could come into play.
4-hour LTC / USD chart
Spot rate: 30.96
Relative change: + 1.05%
High: 32.10
Low: 29.74
Trend: bullish
Resistance 1: 33.01, resistance of the daily articulation point.
Resistance 2: 35,31, resistance at the daily articulation point.
Resistance 3: 36.94, resistance to the daily rotation point.
Support 1: 30.60, lower part of the channel on the rise.
Support 2: 29.08, daily support of the articulation point.
Support 3: 27.45, daily support of the articulation point.
