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  • Litecoin price on Wednesday cooled, seen trading down some 1.2% in the latter part of the session.
  • LTC/USD price action is edging lower, but forming a bullish flag pattern.  

 

LTC/USD 60-minute chart  


 

Spot rate:                    53.349

Relative change:        -1.21%

High:                           54.821

Low:                            52.000

 

Trend:                         Bearish

 

Support 1:                    53.115, 50MA (60-minute).  

Support 2:                   52.050, lower trend line of bull flag..  

Support 3:                   51.501,ascending trend line.

Resistance  1:              53.835, upper trend line of bull flag.  

Resistance  2:              54.830,  100MA (60-minute).

Resistance  3:              55.466 , resistance on 60-minute chart.