- The Litecoin (LTC) price is seen as an out-performer in comparison to some of its peers, up over 1%.
- LTC/USD price action formed a descending channel pattern, current 4-hour candlestick making a break above.
LTC/USD 4-hour chart
Spot rate: 52.995
Relative change: +1.05%
Resistance 1: 53.275, 50MA (4-hour).
Resistance 3: 55.000, supply area.
Support 1: 52.615, descending channel.
Support 2: 51.567, lower part of channel & support.
Support 3: 50.250, demand area.