Litecoin Technical Analysis: LTC/USD bull flag is eyed, but bears will remain in control for now
|- Litecoin price on Wednesday cooled, seen trading down some 1.2% in the latter part of the session.
- LTC/USD price action is edging lower, but forming a bullish flag pattern.
LTC/USD 60-minute chart
Relative change: -1.21%
High: 54.821
Low: 52.000
Trend: Bearish
Support 1: 53.115, 50MA (60-minute).
Support 2: 52.050, lower trend line of bull flag..
Support 3: 51.501,ascending trend line.
Resistance 1: 53.835, upper trend line of bull flag.
Resistance 2: 54.830, 100MA (60-minute).
Resistance 3: 55.466 , resistance on 60-minute chart.
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