Litecoin Technical Analysis: LTC / USD saw the breakout, now the test, the bags are packed for the north hike

  • Litecoin's price fell a small 0.5% to mid-point on Friday's trading.
  • LTC / USD fell from the downtrend channel, retested above and now seems set to push higher, playing the textbook.

60-minute LTC / USD chart

Spot rate: 59.936

Relative change: -0.52%

High: 61.079

Low: 59.565

Trend: Bearish [19659005]

Support 1: 59.745, above the broken descending channel.

Support 2: 57.850, lower channel trend line.

Support 3: 57,200, support on 60 minute chart. [19659006] Resistance 1: 60.425. 50MA.

Resistance 2: 60.550, 100MA and previous support area.

Resistance 3: 60.80-61.000, upper area 28 and 31 August

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