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

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  • 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. 

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