- Litecoin was seen nursing minor losses of almost 1% on Wednesday, with mixed performances across the board.
- LTC/USD price action has formed a bearish pennant pattern, within hits consolidation mode movement.
LTC/USD 60-minute chart
Spot rate: 78.100
Relative change: -0.90%
High: 79.020
Low: 76.212
Trend: Bearish
Support 1: 77.621, 50MA.
Support 2: 76.651, lower part of pennant pattern.
Support 3: 75.600, demand zone.
Resistance 1: 78.329, upper part of pennant.
Resistance 2: 79.500, 100MA and supply zone.
Resistance 3: 80.050, (resistance on 60-minute chart).
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