Litecoin Technical Analysis: LTC/USD was under threat of giving up the $80 territory, with, however bulls kick in late

• Litecoin was seen up holding minor gains of 1% on Friday, after nursing losses through most of the initial session.
• LTC/USD at threat of giving up the $80 region, should near-term support hold, a slip back down to the mid $70 region could be on the cards.
• Consolidation is still very much see across the board within the cryptocurrency market, after the chunky bull run at the start of the week.

LTC/USD 60-minute chart

Spot rate:                  84.401  

Relative change:        0.95%

High:                           85.000

Low:                             81.507

Trend:                         Neutral

Support 1:                  81.596, today’s low & demand zone.

Support 2:                  79.498, 21st July low & demand zone.

Support 3:                  75.050, 15th July low, consolidation area.

Resistance 1:              85.050, supply zone entrance.

Resistance 2:             85.655, 50MA & 100MA.

Resistance 3:             87.900, top area seen 26th July.