Home / Litecoin / LTC / USD restrict price action to highlight another danger

LTC / USD restrict price action to highlight another danger

  • Thursday's Litecoin price remains in bear control, nursing losses of more than 3% on the day.
  • The action on LTC / USD prices is shrinking, suggesting that another dip in the south could be very important.

15-minute LTC / USD chart

  • Price action is shrinking within a triangular pattern formation, subject to a potential breach in the south.

Spot rate: 29.90

Relative change: -3.22%

High: 32.25

Low: 29.78

Trend: bearish

Support 1: 29.33, daily support of the articulation point.

Support 2: 27.78, daily support of the articulation point.

Support 3: 26.31, daily support of the articulation point.

Resistance 1: 32.35, resistance to the daily rotation point.

Resistance 2: 33.81, resistance to the daily rotation point.

Resistance 3: 35.36, resistance to the daily rotation point.

Chart 60 minutes LTC / USD

  • LTC / USD moves within a block, another potential bearish confluence.

LTC / USD daily table

  • On December 24, Candlestick formed a bearish shooting star, which led to further cooling.

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