Litecoin technical analysis: the LTC / USD risk looms, as the rate of fall tends to accelerate within the steep downward channel

  • Litecoin's price has been seen to firmly trade in red by more than 2% on Tuesday, after the price has been further bitten by the bears.
  • LTC / USD locked inside a descending channel, with no signs of escape.

60-minute LTC / USD chart

Spot rate: 53.179

Relative change: -2.23%

High: 54.763

Low: 53.004

Trend: Bearish

[19659005] Support 1: 52,000, support over 60 minutes

Support 2: 50.650, bottom of the descending channel.

Support 3: 50,000, psychological level.

Resistance 1: 54.400, 50MA.

Resistance 2: 54.880, 100MA and top of descending channel.

Resistance 3: 56.750, 60 minute resistance chart.

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