- Litecoin price crashed through key near-term support on Wednesday, down as much as 7%.
- LTC/USD bears managed to breach the lower support of a falling channel, the price has seen a bounce, as it looks for retest underneath.
LTC/USD 60-minute chart
Spot rate: 48.418
Relative change: -7.00%
Support 1: 47.300, 11th September & session (Wednesday) low area.
Support 2: 44.770, demand area & 21/22 2017 September low.
Support 3: 41.272, support on 60-minute chart.
Resistance 1: 49.665, underneath breached channel.
Resistance 2: 50.050, resistance on 60-minute chart.
Resistance 3: 52.080, 50MA & former demand area.