Litecoin Technical Analysis: LTC/USD big game changing barrier just ahead, with price moving to the upside within rising wedge
|- Litecoin price seen up with decent gains of 2.5% on Thursday. upbeat sentiment observed across the market.
- LTC/USD moving to the upside within a rising wedge pattern. Descending trend line resistance see just ahead.
- New cryptocurrency exchange, ErisX, readying to offer Litecoin futures and others.
LTC/USD 60-minute chart
Spot rate: 58.993
Relative change: +2.47%
High: 59.420
Low: 57.393
Trend: Bullish.
Resistance 1: 58.884, 100MA descending trend line.
Resistance 2: 59.900, upper part of wedge pattern.
Resistance 3: 61.400, 2nd October high & supply area.
Support 1: 58.435, lower trend line of channel.
Support 2: 56.725, support on 60-minute chart.
Support 3: 56.440, demand zone.
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