Litecoin Technical Analysis: LTC/USD bulls come back out to play, after bears run price into oversold territory

• Litecoin is seen down over 1% on Monday, as the price cools after burning out within a touted supply zone.
• LTC/USD slowed down after running into resistance ranging from $85.00-85.50.
• Small demand seen after price dips into buying area and running well into oversold territory.  

LTC/USD 30-minute chart

Spot rate:                    83.063

Relative change:        -1.26%

High:                           84.803

Low:                            82.048

Trend:                         Neutral/Bearish

Support 1:                  82.050, today’s (Monday) low & demand zone.

Support 2:                  81.755, (support on 30-minute chart).  

Support 3:                  80.870, 24th July.

Resistance 1:             83.555, 50MA.

Resistance 2:             83.721, 100MA.

Resistance 3:             85.000,  supply zone.