Litecoin Technical Analysis: LTC / USD skips over 12% in one hour, CoinText extends the SMS payment service to Litecoin

  • Litecoin's price rose more than 12% in just over an hour after Thursday's trading.
  • CoinText, an SMS encryption service, has announced that they will try to add Litecoin to its list of facilitation cryptocurrencies.
  • The LTC / USD saw a prolonged breakout from a rising channel model seen on the 60-minute chart.

Chart 60 minutes LTC / USD

Spot rate: 61.981

Relative change: + 8.26%

High: 64.501

Low: 56.679

Trend: bullish.

Resistance 1: 64.50, former support area for fall acting and high hour session.

Resistance 2: 65.00, resistance on the 60 minute chart.

Resistance 3: 67.900, maximum 1 September.

Support 1: 60.533, at the top of the interrupted channel.

Support 2: 58.805, support on the 60 minute chart.

Support 3: 57.525, lower channel trend line.

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