Home Litecoin Technical Analysis: LTC/USD powers through a bull flag, however price eases off after retest ahead of next move

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Litecoin Technical Analysis: LTC/USD powers through a bull flag, however price eases off after retest ahead of next move

FX Street

Published date: 29 Aug. 2018 | 16:15

Litecoin was trading down through them mid-point of Wednesday’s session, by some 0.80%.
LTC/USD price made a break through a formed bull flag pattern, however has eased after a retest.

LTC/USD 60-minute chart

Spot rate: 62.649

Relative change: -0.79%

High: 63.413

Low: 61.170

Trend: Bearish

Support 1: 61.963, on top of broken flag.

Support 2: 60.931, 50MA.

Support 3: 60.489, within the bull flag.

Resistance 1: 63.500, supply zone entrance.

Resistance 2: 63.900, 28th August high.

Resistance 3: 65.050, 9th August high.

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