Litecoin Technical Analysis: LTC/USD here we go, as price rockets higher out from descending wedge pattern

• Litecoin price was holding strong gains of around 2.5% on Wednesday, with a decent push through the middles of the week.  
• LTC/USD bulls made a breakthrough a descending wedge pattern, however price must now break down barriers ahead of $60.

LTC/USD 60-minute chart

Spot rate:                    57.875

Relative change:        +2.58%

High:                           59.773

Low:                            55.439

Trend:                         Bullish
 

Resistance 1:             59.05, (resistance on 60-minute chart).  

Resistance 2:             59.70-95, barrier ahead of $60.  

Resistance 3:             60.00, psychological resistance.  

Support 1:                  56.624, 100MA.  

Support    2:                 56.0401, 50MA.    

Support    3:                 54.728, on top of broken wedge.