Litecoin technical analysis: the big gross breakout of LTC / USD is very bad, be ready

  • Litecoin's price increased slightly less than 0.5% during Monday's trading, as price action shrinks.
  • The LTC / USD movement is becoming tighter in the current range, as the price is within the pennant model.

Chart 60 minutes LTC / USD

Spot rate: 57.520

Relative change: + 0.79%

High: 58.474

Low: 56.616

Trend: uptrend

[19659005] Resistance 1: 58.022, upper part of the pennant.

Resistance 2: 57.47-500, today (Monday) high and resistance on the 60 minute chart.

Resistance 3: 60,000, consolidation area August 13, before crashing on the bear.

Support 1: 56.1617, lower part of pennant.

Support 2: 55.550, (support on 60-minute chart).

Support 3: 54.50, lower area from 21 to 23 August.

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