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  • Litecoin price on Tuesday extends its move to the south, managing losses of over 1% in the session.
  • LTC/USD remains weighted to the downside after a breach on Monday, from an ascending trend line.

 

LTC/USD 4-hour chart  

 
 

Spot rate:                   59.652

Relative change:       -1.40%

High:                          61.855

Low:                           59.501

 

Trend:                        Bearish

 

Support 1:                  58.686, 61.8% Fibonacci.

Support 2:                  56.822, support on 4-hour chart.

Support 3:                  54.350, 25th September low.

Resistance  1:             61.260, 38.2% Fibonacci & resistance.

Resistance  2:             62.965, broken ascending trend line & 23.6% Fibonacci.

Resistance  3:             65.650, 27th September high.