Litecoin Technical Analysis: LTC / USD challenges the probability of exit from a technical bearish structure, up and down

  • Litecoin's price has been seen to rise by more than 1.5% on Tuesday, as prices seem to counteract resistance for further movements to the north.
  • LTC / USD was moving within a bearish pennant scheme before being able to get out of it.
  • The short-term resistance seen from the early $ 60 to mid-range should open the door for a quick return of $ 70 +.

LTC / USD daily chart

Spot rate: 61.658

Relative change: + 1.52%

High: 62.357

Low: 59.700

Trend: uptrend

Resistance 1: 61.780, entry to the refueling area.

Resistance 2: 62.381, maximum of 18 August.

Resistance 3: 65,000, heavy supply area.

Support 1: 57.907, on top of the broken bear pennant.

Support 2: 55.820, required area.

Support 3: 53.510, low area from 20 to 22 August.

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