Home / Litecoin / Technical analysis of Litecoin LTC: LTC / USD bears full control, driving the price to the south, after the violation of the support

Technical analysis of Litecoin LTC: LTC / USD bears full control, driving the price to the south, after the violation of the support

  • Litecoin's price has fallen by around 2% in late Thursday.
  • Cooling is observed through the encrypted market, taking advantage of profit following recent price rallies.
  • LTC / USD towards a daily close below the upward trend line with key support.

LTC / USD daily table

Spot rate: 52.90

Relative change: -1.80%

High: 54.66

Low: 52.75

Trend: bearish

Support 1: 52.78, daily support of the articulation point.

Support 2: 51.49, daily support of the articulation point.

Support 3: 49.61, daily support of the articulation point.

Resistance 1: 54.36, below the ascending trend line violated.

Resistance 2: 55.91, resistance at the daily articulation point.

Resistance 3: 57.83, resistance to the daily rotation point.

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