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Litecoin Technical Analysis: (LTC/USD) big rejection hits the bulls hard again

  • Litecoin price on Friday seen trading broadly flat through the mid-point of the session.
  • LTC/USD bulls hit within another rejection, after attempting to breakthrough a descending trend line, currently containing upside.  

 

LTC/USD 60-minute  chart  

 

Spot rate:                   52.174

Relative change:       +0.05%

High:                          52.804

Low:                           51.550

 

Trend:                        Neutral

 

Support 1:                  52.090, 23.6% Fibonacci.  

Support  2:                  51.810, demand area.

Support  3:                  51.550, session low & support.  

Resistance  1:             52.250, 50 & 100MAs.

Resistance  2:             52.650, 50% Fibonacci & descending trend line.

Resistance  3:             52.908,   61.8% Fibonacci.  

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