LTC/USD odds stacked in favor of the bears

  • Litecoin price on Friday is trading down in the second half of the session, some 1.8%. 
  • LTC/USD price action has extended to the downside, through the ascending trend line support. 


LTC/USD 15-minute chart

  • Price action moving within a narrow range-block formation, subject to a further break lower. 



Spot rate:                  33.04

Relative change:      -1.80%

High:                         33.93

Low:                          32.31


Trend:                        Bearish 


Support 1:                  30.71, daily pivot point support.

Support 2:                  27.88, daily pivot point support.

Support 3:                  23.43, daily pivot point support.

Resistance 1:             37.99, daily pivot point resistance.

Resistance 2:             42.45, daily pivot point resistance.

Resistance 3:             45.28, daily pivot point resistance.

LTC/USD 4-hour chart

  • LTC/USD price broke-out and retested the long-running ascending trend line. The price is hugged fairly tightly to this. 

LTC/USD daily chart

  • Pressure remains to the downside after a breach of key ascending trend line. is a completely independent publication covering cryptocurrency, the Blockchain, decentralized applications, the Internet of finance and the next generation Portal. We offer the latest news, prices, breakthroughs and analysis with emphasis on expert opinion and commentary from the digital currency community. The world of digital currencies flourishes with the greater fervor with each passing day. With an increasing number of businesses, entrepreneurs, startups and consumers adopting this technology, we are proud to spend every day at work and play increasing awareness of the many intricacies and advantages offered by these innovations. About one thing we are certain: it is increasingly important to educate oneself in and be aware of new financial and technological innovations.

Be the first to comment

Leave a Reply

Your email address will not be published.