Litecoin technical analysis: LTC / USD cools while bulls sharpen their horns

  • 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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