Litecoin Technical  Analysis: LTC/USD may almost be ready to rocket launch higher with a new bull herd

• Litecoin on Monday is seen trading down over 2%, but promising upside signs remain.    
• LTC/USD price action has been forming a larger bull pennant pattern.  
• The $60 territory continues to be troublesome for Litecoin, however a larger move may be on its way.  

LTC/USD 60-minute chart

Spot rate:                    64.837

Relative change:        -2.13%

High:                           66.585

Low:                            64.286

Trend:                         Bearish

Support 1:                   64.650, lower part of pennant.

Support    2:                  64.150, 2nd September low.

Support    3:                  63.950, chunky demand area entrance.

Resistance 1:              65.180, 38.2% Fibonacci.    

Resistance 2:             65.415, upper part of pennant.  

Resistance 3:             65.685, 50% Fibonacci.