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  • Litecoin price suffered on Monday dropping as much as 5%, inline with a cooling seen across the board.    
  • LTC/USD breached a near-term supporting trend line, seeing sellers quickly jump.
  • Further free-fall was prevented by demand zone within $57 territory.  

 

LTC/USD 60-minute chart  


 

Spot rate:                    58.268

Relative change:        -5.15%

High:                           61.494

Low:                            57.009

 

Trend:                         Bearish.

 

Support 1:                   57.000, demand zone.

Support 2:                     56.400, support on 60-minute chart.

Support 3:                   53.830, consolidation area 20 Sept before bull run.

Resistance 1:                59.070, 100MA.

Resistance 2:                60.470, 50MA.

Resistance 3:                 61.330,   underneath broken ascending trend line.