Litecoin Technical Analysis: LTC/USD imminent breakout eyed

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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). 

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