Litecoin Technical Analysis: LTC/USD on the slippery slope south, as the bears continue to sell rallies
|- Litecoin was seen trading broadly flat on Monday, as the bears sold the gains seen over the weekend.
- LTC/USD is moving within a descending wedge pattern, not enough momentum for a break higher as of yet.
LTC/USD 60-minute chart
Spot rate: 0.47752
Relative change: -0.25%
High: 0.48090
Low: 0.47320
Trend: Neutral
Support 1: 81.935, 23.6% Fibonacci & (support on 60-minute chart).
Support 2: 80.896, today’s (Monday) low.
Support 3: 78.177, lower part of descending wedge.
Resistance 1: 82.765, 50 & 100MA.
Resistance 2: 83.418, 38.2% Fibonacci.
Resistance 3: 84.450, upper part of descending wedge.
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