LTC / USD big bear rejection, short rebound

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  • Litecoin lost more than 6% late on Tuesday.
  • LTC / USD found a strong 61.8% refusal of Fibonacci, after seeing a rebound from session lows.
  • The bears will try to take a test for $ 30 on the downside.

Chart 60 minutes LTC / USD

Spot rate: 33.77

Relative change: -6.90%

High: 42.11

Low: 35.23

Trend: bearish

Support 1: 33.64, daily support of the articulation point.

Support 2: 31.00, daily support of the articulation point. .

Support 3: 26.76, daily support of the articulation point.

Resistance 1: 35.57, 61.8% of Fibonacci.

Resistance 2: 37.62, 50MA (60 minutes).

Resistance 3: 39.91, 100MA and 23.6% of Fibonacci.

Weekly chart LTC / USD

  • The weekly chart shows that the price remains around the lowest levels since June 2017, a further expansion to the south could be very punshing.

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