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

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  • 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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