Monero Technical  Analysis: XMR/USD another breakout in the works, Litecoin’s Charlie Lee says he is interested in Monero

• Monero price on Tuesday was nursing minor losses, down around 0.8%.  
• XMR/USD price action moves into consolidation mode, following excessive price action seen.  
• The price is moving within a new range-block as seen on the 60-minute chart view. Behavior suggest a breakout could be right around the corner, given tightening observed.  
• Litecoin creator Charlie Lee says he is interested in Monero. Noting that it is one of the most attention grabbing cryptocurrencies.  

XMR/USD 60-minute chart  

Spot rate:                   107.740

Relative change:       -0.80%

High:                          112.440

Low:                           108.140

Trend:                        Neutral/Bearish

Support 1:                 106.260, 50MA (60-minute) chart & support.  

Support  2:                 104.710, 100MA (60-minute).  

Support  3:                 101.300, demand zone.  

Resistance  1:            109.465, resistance on 60-minute chart.

Resistance  2:            114.400, supply zone.

Resistance  3:            115.700, high area between 5-8 October.