Ken Chigbo
Independent Analyst
- Litecoin price has made a chunky leap of over 7% on Monday, maintaining upside momentum.
- LTC/USD breached an initial key supporting ascending trend line, bulls now gunning for a retest.
LTC/USD 15-minute chart
- Big buying has kicked in within the past 30-minutes of trading for LTC/USD.
Spot rate: 32.34
Relative change: +7.65%
High: 32.35
Low: 29.99
Trend: Bullish
Support 1: 28.84, daily pivot point support.
Support 2: 27.58, daily pivot point support.
Support 3: 25.43, daily pivot point support.
Resistance 1: 32.24, daily pivot point resistance.
Resistance 2: 34.40, daily pivot point resistance.
Resistance 3: 35.65, daily pivot point resistance.
LTC/USD 4-hour chart
- Price action set for retest underneath breached trend line, can be seen tracking at $35.00.
LTC/USD daily chart
- Bulls took a decent bounce off key psychological $30.00 mark, large buying area.
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