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- Monday's Litecoin price reported losses of 1.5% in the final stages of the session.
- The LTC / USD price action has formed a bullish pennant pattern, like an even number, within this current consolidation mode.
- Cooling of the observed price, after the highest decent run on Sunday. The bulls will try to capitalize after the small withdrawal.
Chart 60 minutes LTC / USD
Spot rate: 53.46
Relative change: -1.45%
High: 56.068
Low: 50.634
Trend: bearish
Resistance 1: 53.702, upper part of the pennant.
Resistance 2: 54.861, maximum 11 November.
Resistance 3: 55.500, supply area.
Support 1: 53.064, lower part of the pennant.
Support 2: 52.758, 50MA.
Support 3: 51.811, 2 November high and 100MA.
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