Litecoin Technical Analysis: LTC/USD bull momentum not strong enough to  escape this stubborn range of death

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  • Litecoin price was trading firmly in positive territory on Monday, up just shy of 2%. 
  • LTC/USD stuck between a stubborn range of $59 down to $56. 

 

LTC/USD 60-minute chart 


 
 

Spot rate:                  59.348

Relative change:      +1.80%

High:                         60.183

Low:                          57.706

 

Trend:                       Bullish

 

Resistance 1:           59.500, resistance on 60-minute chart.

Resistance 2:           59.700, chunky near-term supply area.

Resistance 3:           61.450, 2 October high.

Support 1:                59.050, support on 60-minute chart.

Support 2:                58.000, 100MA (60-minute). 

Support 3:                56.800, demand zone. 

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