Litecoin Technical Analysis: LTC/USD bloodshed prevented by demand zone, 14th & 16th June lows, price down over 1% on Monday, a failed break above $94 could be costly

• Litecoin price softens again on Monday, however grabs support at the lows of 14th and 16th June.  
• LTC/USD at risk of dropping down to $89, if it fails to break above and clear resistance at $94 level.
• A clearance of the above-mentioned resistance can allow Litecoin a run up to $96-97, the barrier ahead of $100.

LTC/USD 60-minute chart

Spot rate:                                     93.76

Relative change:               -1.20%

High:                                                     95.53

Low:                                                       92.94

Trend:                                                   Bearish

Support 1:                                  92.60, 14th & 16th June lows.

Support 2:                                    90.00, opening of demand zone.

Support 3:                                    84.50, 7th December 2017 low.

Resistance 1:                           95.60, 50MA.

Resistance 2:                           96.50, 38.2% Fibonacci.

Resistance 3:                           98.70, supply zone