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Litecoin Technical Analysis: LTC/USD latest bearish development on 60-minute chart view

  • Litecoin price was seen in trading within in the red on Wednesday, down just some 0.22%.
  • LTC/USD has broken out from a rising wedge, the retest underneath is currently underway.
  • The price could be susceptible to giving back the advance seen late on Tuesday.  

 

LTC/USD 60-minute  chart  


 

Spot rate:                   52.435

Relative change:       -0.22%

High:                          53.100

Low:                           52.350

 

Trend:                        Neutral

 

Support 1:                  52.350, support on 60-minute chart.  

Support  2:                  51.785, 23 October low & demand zone.    

Support  3:                  51.615, 14-15 October low.  

Resistance  1:             52.712, underneath breached wedge.

Resistance  2:             53.000, resistance on 60-minute chart.

Resistance  3:             53.300, Inner upper part of wedge.  

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