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Litecoin Technical Analysis: High levels of LTC / USD may not be visible for some time, bears will maintain a firm grip

  • Friday's Litecoin price was once again under pressure, service losses of over 2%.
  • LTC / USD will likely be stuck in a new narrow range, before another potential downshift to test $ 50.

LTC / USD 4-hour chart

Spot rate: 56.387 [19659005] Relative change: -2.01%

High: 58.482

Low: 55.043

Trend: Bearish

Support 1: 55.284, short-term trend

Support 2: 55.013 , double bottom, triple potential

Support 3: 53.950, August 22 low and required area.

Resistance 1: 57.300, resistance on the 4-hour chart.

Resistance 2: 57.950, supply area.

Resistance 3: 58.550, high area 25/26 and high session (Friday).

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