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  • Litecoin price was seen nursing losses of around 3.5% on Wednesday, following big sell from the $90 area at Tuesday’s highs.  
  • LTC/USD is down, however the price has seen a breakout from a descending channel pattern.  

LTC/USD 15-minute chart

 

Spot rate:                  86.207

Relative change:        -3.58%

High:                          90.574

Low:                           85.022

 

Trend:                         Neutral

 
 
Resistance 1:             86.973, 50MA.

Resistance 2:             87.573,  supply zone entrance.
 
Resistance 3:            88.345, (resistance on 15-minute chart).
Support 1:                 85.840, demand zone entrance.  
Support 2:                  85.580, on top of broken channel.
Support 3:                 85.022, today’s (Wednesday) low.