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  • Litecoin price was nursing some losses of around 1% on Thursday, cooling after the double top seen on Wednesday.
  • LTC/USD has broken out from a rising wedge pattern seen via the 60-minute chart view.

 

LTC/USD 60-minute chart

 

 

Spot rate:                                    84.500

Relative change:               -1.08%

High:                                                   87.184

Low:                                                      83.700

 

Trend:                                                 Neutral

 

 

Support 1:                                  83.979, 100MA.

Support 2:                                    78.100, (support on 60-minute chart).

Support 3:                                    74.90, entrance to demand zone.

Resistance  1:                          85.050, underneath broken wedge.

Resistance 2:                          85.527, 50MA.

Resistance 3:                          89.560, (resistance on 60-minute chart) & 3rd, 4th July highs.