Litecoin technical analysis: LTC / USD bulls rise from the stubborn downtrend line, the daily close above is vital for a further rise

  • On Wednesday, Litecoin saw a big 6%, with signs of recovery from the recent causes
  • The LTC / USD bulls dipped their horns over a line of descending and stubborn tendency, which had been contained upwards. [19659003]

    30-minute LTC / USD chart

    Spot rate: 57.044

    Relative change: + 5.15%

    High: 57.794

    Low: 54.150

    Trend: bullish

    Resistance 1: 59.858, (resistance on the 4-hour chart).

    Resistance 2: 60.407, 50MA.

    Resistance 3: 64.150, supply area.

    Support 1: 55.350, above

    Support 2: 54.750, (support on the 4-hour chart).

    Support 3: 51.690, minimum of August 14th.

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