Home / Litecoin / LTC / USD subject to a bearish pennant breakout

LTC / USD subject to a bearish pennant breakout

  • Nursing losses at Litecoin price over 2% in the first part of Thursday.
  • The LTC / USD price action moves within a bearish pennant scheme, subject to a lower break.

Chart 60 minutes LTC / USD

Spot rate: 33.86

Relative change: -2.08%

High: 35.01

Low: 32.58

Trend: bearish

Support 1: 33.61, lower part of the pennant.

Support 2: 31.51, daily support of the articulation point.

Support 3: 30.42, daily support of the articulation point.

Resistance 1: 34.71, upper part of the pennant.

Resistance 2: 35.69, resistance at the daily articulation point.

Resistance 3: 36.78, resistance at the daily articulation point.

Weekly chart LTC / USD

  • The weekly LTC / USD chart shows that the price flirts with the life support level around $ 33, RSI is oversold, a rebound could be behind the corner.

Source link