Litecoin Technical Analysis: LTC / USD up and off, $ 60 and over with the bulls eye

  • The price of Litecoin saw earnings in the reserve just fell by 3% on Thursday, the pullback still observed across the board.
  • LTC / USD moving within a growing wedge model seen in 60-minute chart view.

60-minute LTC / USD chart

Spot rate: 0.28820

Relative change: + 2.79%

High: 0.29603

Low: 0.27558

Trend: bearish

Support 1: 55.470, lower trending trend line of the wedge model

Support 2: 55.110,50MA and required area.

Support 3: 54.350, (60-minute chart support).

Resistance 1: 56.130, 100MA.

Resistance 2: 57.370, (resistance on the 60 minute chart).

Resistance 3: 60,000, psychological level of resistance.

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