- Litecoin price sees chunky jump to the upside of 5% on Thursday, after renewed buying comes back to the market.
- LTC/USD made a decent breakout to the upside from a descending channel pattern.
LTC/USD 4-hour chart
Spot rate: 54.243
Relative change: +5.06%
Resistance 1: 54.580, 50MA.
Resistance 2: 56.820, resistance on 4-hour chart.
Resistance 3: 57.700, entrance to supply zone.
Support 1: 53.255, on top of broken channel.
Support 2: 52.000, demand area.
Support 3: 49.150, lower trend line of channel & demand area.