Technical analysis of Litecoin: the alarming signs of LTC / USD are still clearly displayed, with a narrowing of price action, in view of the next potential fall

  • On Monday, Litecoin posted very modest gains, only 0.7% at the start of the week.
  • Despite initial gains, the formation of price action still seems worrying.
  • The LTC / USD price range has shrunk, after the strong sales pressure last week, it may be that the bears take a break before a further fall.

LTC / USD daily chart

Spot rate: 59.719

Relative change: + 0.70%

High: 60.547

Low: 58.657

Trend: bullish

Resistance 1 : 60.150, 100MA.

Resistance 2: 60,500, supply input.

Resistance 3: 61.300, (resistance on the 60 minute chart).

Support 1: 58.699, 50MA.

Support 2: 57.655, (support on 60-minute chart).

Support 3: 55.555, demand area, low area of ​​11 August.

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