LTCUSDT 4H Interval - Resistance and Support
Last in today's chart, we have the LTC chart against USDT, on a four-hour time frame. Let's start by marking the uptrend channel with blue lines, as you can see, the price is leaving the channel down for the second time.
Now let's move on to determining the support and as you can see we have the first support at the price of $85.64, the second at the price of $80.84, the third at the price of $77.11 and the fourth at the price of $73.29.
Looking the other way, we can mark the resistance areas in the same way, but first, it is worth marking the strong resistance zone from $ 90.35 to $ 93.29, only when the price breaks it will go towards the resistance at $ 98.10, and then $ 105.84.
As we can see, the CHOP index indicates that most of the energy has been used, the MACD indicates a local downtrend, while the RSI is moving in the middle of the range.
Now let's move on to determining the support and as you can see we have the first support at the price of $85.64, the second at the price of $80.84, the third at the price of $77.11 and the fourth at the price of $73.29.
Looking the other way, we can mark the resistance areas in the same way, but first, it is worth marking the strong resistance zone from $ 90.35 to $ 93.29, only when the price breaks it will go towards the resistance at $ 98.10, and then $ 105.84.
As we can see, the CHOP index indicates that most of the energy has been used, the MACD indicates a local downtrend, while the RSI is moving in the middle of the range.