Litecoin Technical Analysis: LTC/USD broke out of the bearish pennant pattern, the retest underneath is currently in play, eyes on for a potential rejection and continued move south after current move

• Litecoin price is seen nursing losses of around 2% on Thursday, softening in prices still evident across the board.  
• LTC/USD broke out to the downside from a bearish pennant pattern.
• A retest of the the above-mentioned formation is underway, eyes on for potential rejection.

LTC/USD 60-minute chart

Spot rate:                    76.249

Relative change:        -1.80%

High:                          78.429

Low:                           75.480

Trend:                         Bearish

Support 1:                  75.555, demand zone.

Support 2:                  75.030, 13th & 15th July low and (support on 60-minute chart).

Support 3:                  74.326, price well supported here on 10th & 12th July & demand zone.

Resistance 1:             76.250,  underneath broken bearish pennant.  

Resistance 2:             77.400, 50MA.

Resistance 3:             77.870, upper part of pennant.