Litecoin technical analysis: LTC / USD could be almost ready to launch faster with a new herd of bulls

  • Monday's Litecoin is seen to fall by more than 2%, but remains promising signs on the upside.
  • The LTC / USD price action has formed a broader lead bulls model.
  • The $ 60 territory continues to be problematic for Litecoin, however a larger move may be coming.

60-minute LTC / USD chart

Spot rate: 64.837

Relative change: -2.13%

High: 66.585

Low: 64.286

Trend: Bearish

[19659006] Support 1: 64.650, lower part of the pennant.

Support 2: 64.150, 2nd September below.

Support 3: 63.950, heavy demand area entry.

Resistance 1: 65.180, 38.2% Fibonacci.

Resistance 2: 65.415, top of the pennant.

Resistance 3: 65,685, 50% Fibonacci.

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