- Litecoin price swimming in the red on Thursday, down over 2.50% in the session.
- LTC/USD heading fast towards a key area of support, which could be game-changing.
- 60-minute chart view is pointing to further downside, after ascending trend line is breached.
LTC/USD 60-minute chart
Spot rate: 52.640
Relative change: -2.55%
High: 54.215
Low: 52.402
Trend: Bearish
Support 1: 51.900, low area 15 October.
Support 2: 50.220, 11 October low.
Support 3: 47.210, demand zone. .
Resistance 1: 53.480, underneath broken trend line & 50MA.
Resistance 2: 53.872, 100MA.
Resistance 3: 54.222, resistance on 60-minute chart.
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