Technical analysis of Litecoin: LTC / USD approaches again the catastrophic minima at 9 months, while bears look at the $ 70 level, which could be devastating for the price

  • Litecoin nursing losses of more than 1.5%, while continuing to be affected by sales pressure.
  • LTC / USD met a strong resistance between $ 77-75, being forced to know the defense of $ 70 territory.
  • The eyes recorded a new low between August 4 and 5, which marked the lowest level since November 2017 to $ 72.155.

LTC / USD 4 hour chart

Spot rate: 73.434

Relative change: -1.60%

High: 76.789

Low: 73.280

Trend: Bearish

Support 1: 73.061, (support on the 4-hour chart).

Support 2: 72.750, entry required area.

Support 3: 72.155, 4 and 5 August low, (minimum 9 months)

Resistance 1: 75.000, refueling area.

Resistance 2: 77.550, 50MA.

Resistance 3: 76.550, 100MA, supply zone and minimum of 21 July.

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