Litecoin Technical Analysis: LTC/USD big chunky breakout is very much due, be ready

• Litecoin price seen up a minor 0.5% during trading on Monday, as price action narrows.  
• LTC/USD movement is becoming tighter in current range, as price is within pennant pattern.

LTC/USD 60-minute chart

Spot rate:                    57.520

Relative change:        +0.79%

High:                           58.474

Low:                            56.616

Trend:                         Bullish

Resistance 1:              58.022,  upper part of pennant.  

Resistance 2:             57.47-500, today’s (Monday) high & resistance on 60-minute chart.

Resistance 3:             60.000,    consolidation area 13th August, before bear crash.

Support 1:                   56.1617, lower part of pennant.  

Support    2:                  55.550, (support on 60-minute chart).

Support    3:                  54.50, bottom area from 21-23 August.