Litecoin Technical Analysis: LTC/USD attempting a game-changing breakout, which could see price flying again
|- Litecoin price seen nursing losses of around 3% in the session on Tuesday, further bleeding after last week’s rally.
- LTC/USD is moving within a descending channel pattern, but testing the upper trend line.
- Support for now looks comfortable at an underlying ascending trend line, that has been running since 12th September.
LTC/USD 60-minute chart
Relative change: -3.50%
High: 58.130
Low: 54.337
Trend: Bearish.
Support 1: 54.800, ascending trend line.
Support 2: 53.150, support on 60-minute chart.
Support 3: 51.700, 19th September low.
Resistance 1: 56.350, upper trend line of descending channel.
Resistance 2: 58.300, supply zone & 50MA (60-minute).
Resistance 3: 59.250, 100MA. (60-minute).
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