Litecoin Technical Analysis: LTC/USD another rejection from descending trend line, key supporting $72 area is still vulnerable to a breach

• Litecoin is seen up just some 1% on Tuesday, upside was capped by a strong descending trend line.  
• LTC/USD upside consistently of late looks liable to bears selling the rallies, given the longer-term trend remaining intact.

LTC/USD 60-minute chart

Spot rate:                    74.253

Relative change:        +0.95%

High:                          75.150

Low:                           73.160

Trend:                         Bearish  
 

Support 1:                  74.110,  50MA.

Support 2:                  72.810, entrance to demand zone.

Support 3:                  72.155,  4th and 5th August low, (9-month low).

Resistance 1:             75.100, descending trend line & supply zone.

Resistance 2:             77.055, (resistance on 60-minute chart).

Resistance 3:             78.140, 4th August high.