Litecoin Technical Analysis: LTC/USD danger looms, as pace of fall likely to speed up within the steep descending channel
|- Litecoin price was seen trading firmly in the red by over 2% on Tuesday, after the price was further bitten by bears.
- LTC/USD stuck within a steep descending channel, no signs of escape yet.
LTC/USD 60-minute chart
Relative change: -2.23%
High: 54.763
Low: 53.004
Trend: Bearish
Support 1: 52.000, support on 60-minute chart.
Support 2: 50.650,lower part of descending channel.
Support 3: 50.000, psychological level.
Resistance 1: 54.400, 50MA.
Resistance 2: 54.880, 100MA & upper part of descending channel.
Resistance 3: 56.750, resistance 60-minute chart.
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