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

  • 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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