Litecoin Technical Analysis: LTC/USD breakout is due, but price is going to need to fall some more
|- Litecoin was seen up on Tuesday a decent 4% in the latter stages of the session.
- LTC/USD price action is moving within a descending wedge pattern, subject to a breakout.
LTC/USD 4-hour chart
Relative change: +3.98%
High: 55.569
Low: 50.428
Trend: Bullish
Resistance 1: 54.340, 50MA (4-hour).
Resistance 2: 55.100, upper part of wedge.
Resistance 3: 57.570, 100MA (4-hour).
Support 1: 50.513, lower part of wedge.
Support 2: 50.000, psychological support.
Support 3: 47.288, 12th September low.
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