Litecoin Technical  Analysis: LTC/USD falling price caught by safety net after burning in the deep south

• Litecoin price gets dragged lower by the market bears, nursing losses just shy of 10%, through the mid-point of Thursday’s session.
• LTC/USD receives a late bounce from big support area just sub-$51.00 level.
• Crypto expert from finder panel, Craig Cobb,  predicts $50 per coin for 1 November 2018. Craig further explained that because the chart is messy, it’s difficult to predict anything other than short term.

LTC/USD 4-hour chart  

Spot rate:                   .52.832

Relative change:       -12.67%

High:                          58.530

Low:                           50.949

Trend:                        Bearish

Support 1:                 50.700, 19th September low, big support area.

Support  2:                 47.210,  12th September low.

Support  3:                 42.350, demand zone.

Resistance  1:            52.750, resistance on 4-hour chart.

Resistance  2:            54.750, supply area.

Resistance  3:            57.900, pre-selloff level.