LTC/USD takes a huge leap for the stars

  • Litecoin price on Wednesday makes a chunky jump of over 7% in the session. 
  • LTC/USD being cushioned near-term by an ascending trend line via the 15-minute chart view.
  • Near-term barrier within the $25 territory is proving to be a problem for greater upside.  

LTC/USD 15-minute chart
 

 

 

Spot rate:                  24.99

Relative change:      +7.27%

High:                         25.21

Low:                          23.23

 

 

Trend:                        Bearish

 

Support 1:                  24.40, ascending trend line.

Support 2:                  22.67, daily pivot point support.

Support 3:                  21.94, daily pivot point support.

Resistance 1:             25.00, near-term supply.

Resistance 2:             25.45, daily pivot point resistance.

Resistance 3:             26.18, daily pivot point resistance.

 

LTC/USD 4-hour chart

  • Bulls have managed to break above descending trend line, which was proving to be a tough line of resistance.

 

 

LTC/USD daily chart

  • Bulls heading for first daily close in the green so far this week. They mus break above $25-26 area for greater upside. 

 

 

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