Litecoin Technical Analysis: LTC/USD has a small challenge for huge rewards
|- Litecoin price jumps a big 7% in the session on Thursday, part of a bullish trading week.
- A recovery has almost certainly been staged given the weekly candle closure LTC/USD is heading towards.
Spot rate: 32.17
Relative change: +9.71%
High: 32.55
Low: 31.14
Trend: Bullish
Resistance 1: 31.2209, daily pivot point resistance.
Resistance 2: 33.06, daily pivot point resistance.
Resistance 3: 34.15, daily pivot point resistance.
Support 1: 28.28, daily pivot point support.
Support 2: 27.20, daily pivot point support.
Support 3: 25.35, daily pivot point support.
LTC/USD 60-minute chart
- A bullish pennant formation can be eyed via the 60-minute chart view, subject to an extended move to the upside.
LTC/USD 4-hour chart
- Bulls breaking down the $32-33 area holds significant potential to greater upside.
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