- Litecoin weighted to the downside on Monday, as price pressures continue across the board.
- LTC/USD breaks out to the downside from a triangular pattern formation.
- Market continues to observe a lack of commitment in either direction.
- Litecoin foundation set to upgrade their protocol in order to bring down transaction costs.
LTC/USD 60-minute chart
Spot rate: 52.098
Relative change: -0.98%
High: 53.000
Low: 51.865
Trend: Bearish
Support 1: 51.850, support on 60-minute chart.
Support 2: 50.610, demand area.
Support 3: 50.000, psychological support level.
Resistance 1: 52.380, underneath broken triangular pattern.
Resistance 2: 52.931, upper trend line of triangular pattern.
Resistance 3: 53.700, supply zone.