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  • Litecoin seen holding minor gains of some 0.6% in the latter stages of trading on Monday.
  • LTC/USD price action suggests a breakout could be imminent, with bulls looking to gun higher.  

 

LTC/USD 60-minute chart  


 

Spot rate:                   49.924

Relative change:       +0.65%

High:                          50.379

Low:                           47.737

 

Trend:                        Neutral

 

Resistance 1:              49.960    , upper part of flag pattern.

Resistance 2:              50.385    , 31 October high.    

Resistance 3:              51.901, area of supply & daily pivot point resistance.  

Support 1:                   49.792, 100MA (60-minute).

Support 2:                   49.641, lower part of bull flag.  

Support 3:                   49.401, 50MA (60-minute).