Litecoin Technical Analysis: LTC/USD up up and away, $60 and beyond eyed by the bulls

Fibo Quantum

  • Litecoin price seen holding gains just shy of 3% on Thursday, pullback still observed across the board.
  • LTC/USD moving within a rising wedge pattern as seen on 60-minute chart view.

 

 

LTC/USD 60-minute chart


 

Spot rate:                   0.28820

Relative change:       +2.79%

High:                          0.29603

Low:                           0.27558

Trend:                        Bearish
 

Support 1:                  55.470, lower tracking trend line of wedge pattern.

Support  2:                 55.110,50MA & demand zone.

Support  3:                 54.350, (support on 60-minute chart).

Resistance 1:            56.130, 100MA.

Resistance 2:            57.370,  (resistance on 60-minute chart).

Resistance 3:            60.000, psychological level of resistance. 

 

 

 

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