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Litecoin Technical  Analysis: LTC/USD upside may be limited again, as bears look at selling rallies

  • Litecoin price seen up some 2% on Monday, inline with the green seen across the crypto market.  
  • LTC/USD like a number of other altcoins, is moving within an ascending wedge pattern.
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LTC/USD 60-minute chart

 

Spot rate:                    84.071

Relative change:         +2.25%

High:                           85.910

Low:                            82.070

 

Trend:                        Bullish

 

Support 1:                  83.820, 100MA.  

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Support 2:                  83.555, 50MA.

Support 3:                  83.050, lower part of  ascending  wedge.  

Resistance  1:             85.07, supply zone entrance.  

Resistance 2:             85.730, (resistance on 60-minute chart).

Resistance 3:             86.000, upper part of ascending  wedge.  

 

 

 

 

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