Litecoin Technical Analysis: LTC/USD appears to be a sitting duck, subject to a bear attack
|- Litecoin price is seen broadly flat, but only for now, after the break from the rising wedge on Thursday.
- LTC/USD is struggling to break down a touted strong supply zone, running from $83-86.
LTC/USD 60-minute chart
Spot rate: 83.36
Relative change: +0.06%
High: 84.26
Low: 80.27
Trend: Neutral
Support 1: 80.72, today’s (Friday) low.
Support 2: 78.27, (support on 60-minute chart).
Support 3: 75.60, demand zone.
Resistance 1: 84.25, 50MA.
Resistance 2: 85.03, 100MA.
Resistance 3: 89.50, underneath broken rising wedge.
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