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LTC / USD skips, after forming a short-term fund, must now face the front barrier

  • Litecoin negotiated in the first part of Friday, with gains of over 4% on the day.
  • LTC / USD has formed a short-term minimum, around the price region of $ 31-30.
  • Short-term barrier with a downward trendline above, which records approximately $ 33.60-70.
  • Time will tell if this is a solid rebound, or just exhaustion from bears.

4-hour LTC / USD chart

Spot rate: 32.78

Relative change: + 4.25%

High: 33.08

Low: 30.64

Trend: bullish

Support 1: 30.80, short-term lower area.

Support 2: 30.24, daily support of the articulation point.

Support 3: 28.97, daily support of the articulation point.

Resistance 1: 33.60, upper descending trend line.

Resistance 2: 33.89, resistance to the daily rotation point.

Resistance 3: 36.27, resistance to the daily rotation point.

Weekly chart LTC / USD

  • This point of view still demonstrates the importance of the $ 30 holding area, or you would probably see a quick decline, up to $ 20 of territory

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