Litecoin technical analysis: LTC / USD has slipped from the wedge model to the bearish downside, but is carrying out a new test

  • On Friday the price of Litecoin recorded strong gains of around 4%, with a decent push towards the end of the week.
  • LTC / USD bears have made a turnaround in a growing wedge pattern, but the price has gotten decent support in an area of ​​$ 54-55.

Chart 60 minutes LTC / USD

Spot rate: 57,779

Relative change: + 4.52%

High: 58.259

Low: 55.065

Trend: bullish
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Resistance 1: 57.870, under increasing wedge.

Resistance 2: 59.410, high August 15th.

Resistance 3: 60.462, supply zone.

Support 1: 56.187, 50MA.

Support 2: 55.382, 100MA.

Support 3: 55.080, required area.

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