- Litecoin price was seen nursing some minor losses in the latter stages of trading on Thursday, down some 0.15%.
- LTC/USD price action has formed a descending channel pattern, subject to an imminent breakout higher.
- Near-term demand zone helping keep price afloat, providing that required cushion.
LTC/USD 60-minute chart
Spot rate: 52.120
Relative change: -0.15%
Support 1: 52.050, demand zone.
Support 2: 51.830, 23 October low area.
Support 3: 50.000, psychological support.
Resistance 1: 52.150, upper part of channel.
Resistance 2: 52.305, 60-minute resistance.
Resistance 3: 52.900, supply area.