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  • Litecoin price was holding strong gains of around 4% on Friday, with a decent push towards the end of the week.  
  • LTC/USD bears made a breakthrough a rising wedge pattern, however price caught decent support within $54-55 area.

 

 

LTC/USD 60-minute chart


 

Spot rate:                    57.779

Relative change:        +4.52%

High:                           58.259

Low:                            55.065

Trend:                         Bullish
 

 

Resistance 1:             57.870, under breached rising wedge.  

Resistance 2:             59.410, 15th August high.

Resistance 3:             60.462, supply zone.

Support 1:                   56.187, 50MA.

Support    2:                 55.382, 100MA.  

Support    3:                 55.080, demand zone.