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  • Litecoin price seen up with decent gains of 2.5% on Thursday. upbeat sentiment observed across the market.
  • LTC/USD moving to the upside within a rising wedge pattern. Descending trend line resistance see just ahead.
  • New cryptocurrency exchange, ErisX, readying to offer Litecoin futures and others.  

 

LTC/USD 60-minute chart  


 
 

Spot rate:                   58.993

Relative change:       +2.47%

High:                          59.420

Low:                           57.393

 

Trend:                        Bullish.

 

Resistance  1:             58.884,  100MA descending trend line.

Resistance  2:             59.900, upper part of wedge pattern.

Resistance  3:             61.400, 2nd October high & supply area.

Support 1:                  58.435, lower trend line of channel.

Support 2:                  56.725, support on 60-minute chart.

Support 3:                  56.440, demand zone.