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  • 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).