Litecoin Technical Analysis: LTC/USD cools while bulls sharpen their horns
|- Litecoin price on Monday was nursing losses of 1.5% in the latter stages of the session.
- LTC/USD price action has formed a bullish pennant pattern, like a number of its peers, within this current consolidation mode.
- Cooling in the price observed, after the decent run higher on Sunday. Bulls will be looking to capitalize after small pullback.
LTC/USD 60-minute chart
Spot rate: 53.46
Relative change: -1.45%
High: 56.068
Low: 50.634
Trend: Bearish
Resistance 1: 53.702, upper part of pennant.
Resistance 2: 54.861, 11 November high.
Resistance 3: 55.500, supply area.
Support 1: 53.064, lower part of pennant.
Support 2: 52.758, 50MA.
Support 3: 51.811, 2 November high & 100MA.
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