Litecoin Technical Analysis: LTC/USD potentially deadly bearish set up under construction

• Litecoin price on Wednesday see trading firmly in the green, up just shy of 2% in the session.
• LTC/USD like Bitcoin has been forming a head and shoulders pattern, with the left shoulder and head having been formed, right shoulder currently under construction.

LTC/USD 60-minute chart  

Spot rate:                    58.648

Relative change:        +1.91 %

High:                          58.932

Low:                           56.436

Trend:                        Bullish.

Resistance 1:               58.550,  supply zone entrance.  

Resistance 2:               58.800, 100MA (60-minute).

Resistance 3:               59.085,  resistance on 60-minute chart & 24 September high.

Support 1:                  56.990, 50MA (60-minute).

Support 2:                  55.793, neckline, ascending trend line.

Support 3:                  51.900, demand zone.