LTC/USD price consolidates to pave way for another potential jump

  • Litecoin price on Friday nursing steep losses of over 4 percent towards the latter stages. 
  • LTC/USD near-term range block seen at $31 up to $33.50, a break either way should see a large rush of momentum.

LTC/USD 15-minute chart

  • Price action moving via a range-block, subject to an imminent breakout. 

Spot rate:                 30.0779

Relative change:      -4.35%

High:                         33.47

Low:                          31.03

Trend:                        Neutral 

Resistance 1:             34.56, daily pivot point resistance.

Resistance 2:             36.30, daily resistance area. 

Resistance 3:             39.05, daily resistance area.

Support 1:                  30.07, near-term ascending trend line.

Support 2:                  27.32, daily pivot point support.

Support 3:                  25.58 , daily pivot point support.

LTC/USD 60-minute chart

  •  As detailed, the next move from this range-block is vital. An ascending trend line can be seen as a cushion near-term for bulls. 

LTC/USD daily chart

  • Bulls are struggling to breakdown the supply area of $33-36.


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