Litecoin Technical Analysis: LTC/USD another chunky drop south may be in the works, as the bears remain locked in on another retest of key near-term support and 24th June low

• Litecoin is seen down around 1.5% during trading on Thursday, as the crypto market continues to remain weighted to the downside.
• LTC/USD is moving within a rising wedge pattern, subject to a breakout south, bears eyeing near-term support at $73.30.

LTC/USD 4-hour chart

Spot rate:                                     79.340

Relative change:               -1.70%

High:                                                   81.366

Low:                                                     77.798

Trend:                                                 Bearish

Support 1:                                   79.100, 50% Fibonacci.

Support 2:                                     78.684, 100MA.

Support 3:                                     78.260, lower trend line of rising wedge pattern.

Resistance 1:                          80.514, 61.8% Fibonacci.

Resistance 2:                           81.366, today’s (Thursday) high.

Resistance 3:                           82.330, upper trend line of rising wedge pattern.