Litecoin Technical  Analysis: LTC/USD bulls drop out from the sky, luckily they have a parachute

• 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.