Litecoin Technical Analysis: LTC/USD defies the odds to breakout from a bearish technical set up, up and away

• Litecoin price was seen holding gains of over 1.5% on Tuesday, as upside as price looks to tackle resistance for further movement north.
• LTC/USD was moving within a bearish pennant pattern, before managing to breakout from this.  
• Near-term resistance seen from the early $60 to mid range, move above should open doors to fast $70+ return.  

LTC/USD daily chart

Spot rate:                    61.658

Relative change:        +1.52%

High:                           62.357

Low:                            59.700

Trend:                         Bullish

Resistance 1:              61.780, entrance to supply zone.  

Resistance 2:             62.381, 18th August high.  

Resistance 3:             65.000,  heavy supply area.

Support 1:                   57.907, on top of broken bearish pennant.  

Support    2:                  55.820, demand zone.

Support    3:                  53.510, low area from 20-22 August.