Litecoin Technical  Analysis: LTC/USD extends move higher after breakout from bullish flag

• Litecoin price was seen holding modest gains of some 1% in the session on Thursday.  
• LTC/USD are asking big questions of a barrier of supply seen just ahead, tracking around $55-56, to breakout back into a prior range.

LTC/USD 60-minute chart  

Spot rate:                    54.975

Relative change:        +1.24%

High:                           54.637

Low:                            53.417

Trend:                         Bullish

Support 1:                    53.350, 100MA (60-minute).

Support 2:                  53.898,    50MA (60-minute).

Support 3:                  52.935, on top of broken bull flag.  

Resistance  1:             55.100, entrance to supply.  

Resistance  2:             56.078, upper part of supply & 14 September high.  

Resistance  3:             57.900-59.000, chunky supply area.