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- 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.
