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Litecoin Technical Analysis: LTC/USD bull run halted, hits big near-term resistance

  • Litecoin price holding decent gains in the latter stages of trading on Friday, up over 2%.
  • LTC/USD bulls gains slowed down, after hitting tough resistance, heading back into the $52 area.

 

LTC/USD 60-minute chart  

 

Spot rate:                   51.450

Relative change:        +7.22%

High:                          51.847

Low:                           50.227

 

Trend:                         Bullish

 

Resistance 1:              51.874, resistance on 60-minute.

Resistance 2:              52.300, 27th October high.

Resistance 3:              52.815, supply zone.

Support 1:                   50.407, support on 60-minute.

Support 2:                   50.270, 50MA.  

Support 3:                   49.621, 100MA, & support on 60-minute.  

FX Street

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