- Litecoin saw bulls wake up on Tuesday, after taking some beating in the previous session. Seen up over 1%.
- LTC/USD bulls could potentially be gunning for a retest, after the bearish breakout from the pennant pattern.
- Should a rejection at the retest be observed, then further selling pressure could follow.
LTC/USD 4-hour chart
Spot rate: 49.254
Relative change: +1.17%
Resistance: 50.000, psychological resistance.
Resistance: 51.671, underneath breached pennant & 50MA.
Resistance: 52.550, 100MA (4-hour).
Support 1: 48.450, support (4-hour).
Support 2: 47.210, monthly low.
Support 3: 46.960, daily pivot point support.