Litecoin Technical Analysis: LTC/USD crashes lower to give back the big end August advance

  • Litecoin price on Thursday is dealing with losses of over 5%, after taking a beating of around 20% in the past two sessions.
  • LTC/USD came crashing down into vital support, around the $53 region, after losing an arm and a leg. 

 

LTC/USD 60-minute chart 


 

Spot rate:                   54.894

Relative change:       -5.02%

High:                          57.911

Low:                           53.914

 

Trend:                        Bearish

 

Support 1:                  54.600, support on 60-minute chart.

Support  2:                 53.901, session low (Thursday) & 22 August.

Support  3:                 53.250, very back end of demand zone & 21st August bottom.

Resistance 1:            55.470, resistance on 60-minute chart.

Resistance 2:            57.250, supply area.

Resistance 3:            58.500, top area for 25/27 August.  

 


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