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Litecoin Technical Analysis: LTC / USD extends the highest move after the breakout from the bullish flag

  • Litecoin's price was seen to record modest gains of around 1% in Thursday's session.
  • LTC / USD are asking big questions about a supply barrier seen a little further, with a tracking of around $ 55-56, to return to a previous range.

60-minute LTC / USD chart

Spot rate: 54.975

Relative change: + 1.24%

High: 54.637

Low: 53.417

Trend: bullish [19659005]

Support 1: 53.350, 100MA (60 minutes).

Support 2: 53.898, 50MA (60 minutes).

Support 3: 52.935 on top of broken bull's flag.

Resistance 1: 55.100, entry for supply.

Resistance 2: 56.078, upper part of the supply and 14 September high.

Resistance 3: 57.900-59.000, heavy supply area.

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