Litecoin Technical Analysis: LTC/USD up up and away, $60 and beyond eyed by the bulls

• Litecoin price seen holding gains just shy of 3% on Thursday, pullback still observed across the board.
• LTC/USD moving within a rising wedge pattern as seen on 60-minute chart view.

LTC/USD 60-minute chart

Spot rate:                    0.28820

Relative change:        +2.79%

High:                           0.29603

Low:                            0.27558

Trend:                         Bearish
 

Support 1:                    55.470, lower tracking trend line of wedge pattern.

Support    2:                  55.110,50MA & demand zone.

Support    3:                  54.350, (support on 60-minute chart).

Resistance 1:             56.130, 100MA.

Resistance 2:             57.370,   (resistance on 60-minute chart).

Resistance 3:             60.000, psychological level of resistance.