Search ForexCrunch
  • Litecoin price on Monday was nursing losses of 1.5% in the latter stages of the session.  
  • LTC/USD price action has formed a bullish pennant pattern, like a number of its peers, within this current consolidation mode.  
  • Cooling in the price observed, after the decent run higher on Sunday. Bulls will be looking to capitalize after small pullback.    

 

LTC/USD 60-minute chart  


 
 

Spot rate:                   53.46

Relative change:       -1.45%

High:                          56.068

Low:                           50.634

 

Trend:                        Bearish

 

Resistance  1:            53.702, upper part of pennant.

Resistance  2:            54.861, 11 November high.  

Resistance  3:            55.500, supply area.

Support 1:                 53.064, lower part of pennant.  

Support  2:                  52.758, 50MA.

Support  3:                 51.811, 2 November high & 100MA.