Litecoin Technical Analysis: LTC/USD despite modest pick up, a bearish flag is forming, to dampen hopes of a substantial pullback
|- Litecoin bounces to trade in positive territory, modest gains seen of 1%.
- LTC/USD price action is forming a bearish flag pattern, which could invite bears to further selling.
LTC/USD 60-minute chart
Relative change: 1.22%
High: 64.079
Low: 59.987
Trend: Bullish
Support 1: 60.955, entrance to demand zone.
Support 2: 60.880, 8th August low.
Support 3: 60.000, psychological support.
Resistance 1: 64.055, supply area & current high of session.
Resistance 2: 64.250, (resistance on 60-minute chart).
Resistance 3: 65.558, 50MA.
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