- Litecoin flat on Friday after being up over 2%, to then losing ground and dropping 3%, breaking out of a pennant pattern to the downside. Price currently retesting to push back through.
- LTC/USD broke out of the above-mentioned pattern, in-line with a drop in bullish momentum seen across the board this afternoon on Friday.
- Founder Charlie Lee tweeted, In lite of recent 51% attacks and http://crypto51.app info, rest assured that the Litecoin is extremely secure and mining is very healthy.
LTC/USD 60-minute chart
Spot rate: 118.40
Relative change: +0.13%
High: 120.67
Low: 116.60
Trend: Neutral
Resistance 1: 118.60, lower trendline of pennant pattern.
Resistance 2: 120.20, Upper inside of pennant pattern.
Resistance 3: 123.00, supply zone.
Support 1: 118.65, 50MA.
Support 2: 118.35, 100MA.
Support 3: 116.60, (support on 60-minute chart).
Share
