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LTC / USD potential for a quick decline to $ 22 on cards

  • Thursday's Litecoin reported losses of around 1% in the second half of the session.
  • The daily display of the LTC / USD chart as many of its peers is forming a bearish flag pattern.

15-minute LTC / USD chart

  • Decent short-term purchases increased in the territory of $ 30.00, preventing freefall.

Spot rate: 31.33

Relative change: -0.96%

High: 31.79

Low: 30.20

Trend: bearish

Support 1: 30.97, daily support of the articulation point.

Support 2: 30.31, daily support of the articulation point.

Support 3: 29.62, daily support of the articulation point.

Resistance 1: 32.31, resistance of the daily articulation point.

Resistance 2: 33.00, resistance of the daily articulation point.

Resistance 3: 33.00, resistance of the daily articulation point.

Chart 60 minutes LTC / USD

  • . Block formation of isolates, top of the model seen at $ 33.25, down to $ 30.00.

LTC / USD daily table

  • The price action moves within a block of intervals, following the break of the previous week from the rising trendline.

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