- Litecoin price seen down a heavy 5% in the session on Monday, one of the notable under-performers.
- LTC/USD sees lower support of triangular pattern formation broken to the downside.
- Price is forced to give up the big psychological $50 mark, with weight seen across the board.
LTC/USD 4-hour chart
Spot rate: 49.278
Relative change: -4.82%
High: 52.042
Low: 51.368
Trend: Bearish
Support 1: 47.248, 12th September low & demand area.
Support 2: 45.700, Support on 4-hour chart.
Support 3: 35.550, 15th September low.
Resistance 1: 51.510, underneath broken triangular pattern.
Resistance 2: 52.080, 50MA (4-hour).
Resistance 3: 52.850, 100MA (4-hour) & resistance.