Litecoin Technical Analysis: LTC/USD appears to be a sitting duck, subject to a bear attack

• Litecoin price is seen broadly flat, but only for now, after the break from the rising wedge on Thursday.
• LTC/USD is struggling to break down a touted strong supply zone, running from $83-86.

LTC/USD 60-minute chart

Spot rate:                                    83.36

Relative change:               +0.06%

High:                                                   84.26

Low:                                                      80.27

Trend:                                                 Neutral

Support 1:                                  80.72, today’s (Friday) low.  

Support 2:                                    78.27, (support on 60-minute chart).

Support 3:                                    75.60, demand zone.  

Resistance  1:                          84.25, 50MA.

Resistance 2:                          85.03, 100MA.

Resistance 3:                          89.50, underneath broken rising wedge.