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Technical analysis of Litecoin: LTC / USD down sharply from the declining channel, $ 50 no more

  • On Wednesday, Litecoin's price crashed through short-term key support, down 7%.
  • The LTC / USD managed to overcome the lower support of a declining channel, the price rebounded, as it seems to test below.

60-minute LTC / USD chart

Spot frequency: 48.418

Relative change: -7.00%

High: 52.062

Low: 47.220

Trend: Bearish

Support 1: 47.300, 11 September and session (Wednesday) in low area

Support 2: 44.770, required area and 21/22 September 2017 low.

Support 3: 41.272, support on 60-minute chart.

Resistance 1: 49.665, under interrupted channel.

Resistance 2: 50,050, resistance on the 60-minute chart.

Resistance 3: 52.080, 50MA and area ex-request.

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