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  • Litecoin is nursing minor losses on Thursday of 0.6%, as bulls sit quietly for now.  
  • LTC/USD price action has formed a descending wedge pattern, which is subject to potential break north.

 

LTC/USD 30-minute chart

 

Spot rate:                    85.865

Relative change:         -0.30%

High:                           88.901

Low:                            85.000

 

Trend:                          Neutral/Bearish

 

Resistance  1:             87.336, 50MA.

Resistance 2:              88.385, 100MA.  

Resistance 3:              88.666, upper part of wedge.

Support 1:                  84.443, 50% Fibonacci.

Support 2:                  83.804, lower part of wedge pattern.

Support 3:                  82.000, 61.8% Fibonacci.