Ken Chigbo
Independent Analyst
- Litecoin price on Friday is trading back in negative territory, nursing losses of around 2%.
- LTC/USD is still vulnerable to giving up that $30 mark once again.
LTC/USD 15-minute chart
- Buying kicked in at the $30 territory, propping price up in the near-term.
Spot rate: 31.31
Relative change: -1.95%
High: 31.96
Low: 30.80
Trend: Bearish
Support 1: 30.74, daily pivot point support.
Support 2: 29.58, daily pivot point support.
Support 3: 28.96, daily pivot point support.
Resistance 1: 32.51, daily pivot point resistance.
Resistance 2: 33.13, daily pivot point resistance.
Resistance 3: 34.29, daily pivot point resistance.
LTC/USD 60-minute chart
- LTC/USD via the 60-minute is currently range trading, upper resistance at $33, support at $30.
LTC/USD daily chart
- Price action moving within a range-block formation after breaching an ascending channel formation.
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