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  • Litecoin price seen nursing losses of around 3% in the session on Tuesday, further bleeding after last week’s rally.
  • LTC/USD is moving within a descending channel pattern, but testing the upper trend line.
  • Support for now looks comfortable at an underlying ascending trend line, that has been running since 12th  September.

 

LTC/USD 60-minute chart  


 

Spot rate:                    55.931

Relative change:        -3.50%

High:                           58.130

Low:                            54.337
 

Trend:                         Bearish.

 

Support 1:                    54.800, ascending trend line.

Support 2:                      53.150, support on 60-minute chart.

Support 3:                    51.700, 19th  September low.  

Resistance 1:                  56.350, upper trend line of descending channel.

Resistance 2:                  58.300, supply zone & 50MA (60-minute).

Resistance 3:                  59.250,  100MA. (60-minute).