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Technical analysis of Litecoin: LTC / USD withdraw when the bulls run out

  • On Monday the price of oil fell by a large 6%, the bulls failed to capitalize on the rebound on Sunday.
  • The LTC / USD recovery is in danger, a very short rebound for Litecoin.
  • A violation of the Sunday low will invite strong selling pressure, which could see the $ 20 territory at great risk.

LTC / USD daily table

Spot rate: 29.70

Relative change: -5.96%

High: 32.18

Low: 28.62

Trend: bearish

Support 1: 27.76, daily support of the articulation point.

Support 2: 24.65, daily support of the articulation point.

Support 3: 22.40, daily support of the articulation point.

Resistance 1: 31.65, supply area.

Resistance 2: 33.12, resistance to the daily articulation point. .

Resistance 3: 35.37, resistance to the daily rotation point. .

Chart 60 minutes LTC / USD

  • Bears are driving the price towards a short-term trend line, a violation will probably see the Sunday rebound area put on the downside.

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