Litecoin Technical Analysis: LTC/USD latest bearish development on 60-minute chart view

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  • Litecoin price was seen in trading within in the red on Wednesday, down just some 0.22%.
  • LTC/USD has broken out from a rising wedge, the retest underneath is currently underway.
  • The price could be susceptible to giving back the advance seen late on Tuesday. 

 

LTC/USD 60-minute chart 


 

Spot rate:                  52.435

Relative change:      -0.22%

High:                         53.100

Low:                          52.350

 

Trend:                       Neutral

 

Support 1:                 52.350, support on 60-minute chart

Support 2:                 51.785, 23 October low & demand zone.  

Support 3:                 51.615, 14-15 October low. 

Resistance 1:            52.712, underneath breached wedge.

Resistance 2:            53.000, resistance on 60-minute chart.

Resistance 3:            53.300, Inner upper part of wedge. 

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