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  • Litecoin was seen up on Tuesday a decent 4% in the latter stages of the session.
  • LTC/USD price action is moving within a descending wedge pattern, subject to a breakout.  

 

LTC/USD 4-hour chart  


 

Spot rate:                    54.169

Relative change:        +3.98%

High:                           55.569

Low:                            50.428

 

Trend:                         Bullish

 

Resistance 1:              54.340, 50MA (4-hour).

Resistance 2:              55.100,  upper part of wedge.

Resistance 3:              57.570, 100MA (4-hour).

Support 1:                   50.513, lower part of wedge.

Support    2:                  50.000,  psychological support.  

Support    3:                  47.288, 12th September low.

 

Expert score

5

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