Litecoin Technical Analysis: LTC / USD despite the modest withdrawal, a bearish flag is forming, to dampen the hopes of a substantial withdrawal

  • Litecoin rebounds to operate in positive territory, with modest gains of 1%.
  • The LTC / USD price action is forming a bearish flag pattern, which could invite bears to sell further.

Chart 60 minutes LTC / USD

Spot rate: 62.920

Relative change: 1.22%

High: 64.079

Low: 59.987

Trend: Bullish

Support 1: 60.955, entry to the application area.

Support 2: 60.880, minimum 8 August.

Support 3: 60,000, psychological support.

Resistance 1: 64.055, supply area and current maximum session.

Resistance 2: 64.250, (resistance on the 60 minute chart).

Resistance 3: 65.558, 50MA.

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