- Litecoin price was under attack on Thursday, dropping as much 4%.
- LTC/USD touches key ascending trend line, which has been running since 14th August.
- Price has been falling within a descending channel and arguable a bullish flag on a larger scale.
LTC/USD 4-hour chart
Spot rate: 59.180
Relative change: -3.86%
Support 1: 58.606, today’s (Thursday) low and key ascending trend line.
Support 2: 58.250, 50MA.
Support 3: 57.332, 100MA.
Resistance 2: 60.493, upper trend line of descending channel & 13th August high.
Resistance 3: 62.420, 18th August high.