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  • 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.