Litecoin Technical Analysis: LTC/USD has seen the breakout, now the retest, the bags are packed for the hike back to the north

• Litecoin price is down a small 0.5% through the mid-point of trading on Friday.
• LTC/USD broke out of descending channel, retested above and now looking set to push back higher, playing to the textbook.  

LTC/USD 60-minute chart

Spot rate:                    59.936

Relative change:        -0.52%

High:                           61.079

Low:                            59.565

Trend:                         Bearish

Support 1:                   59.745, above broken descending channel.

Support    2:                  57.850, lower trend line of channel.

Support    3:                  57.200, support on 60-minute chart.

Resistance 1:              60.425. 50MA.

Resistance 2:             60.550, 100MA & former area of support.  

Resistance 3:             60.80-61.000,  top area 28 and 31 August