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Litecoin Technical Analysis: LTC/USD slipped out of rising wedge pattern to the downside, but making firm retest



  • 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.




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