Litecoin $LTCUSD has been sliding recently but last time we looked, we anticipated some support for the cryptocurrency in the 50-51 area. Specifically we talked about importance of holding above 50.30 for a bullish attempt. Litecoin (LTCUSD) 1H Chart(click to enlarge)Support:- As we can see on the 1H chart, price indeed bounced off of 50.30 and is now attacking the 52.00 handle (as of 10/5/2017 7:30PM ET ). - Look at the extra clue we got from the bullish divergence between price and the RSI in the 1H chart.Resistance:- The chart shows a pivotal moment in the intra-day time-frame. The 52.00 area looks like a key resistance especially with the 1H RSI right around 60. If the market is to maintain October's momentum, it should fade around 52 and keep the RSI under 60. - Then, we will be observing a range between 50.30 and 52. A break from this range would signal the direction of the next swing. - For the bullish outlook, I actually prefer some pullback before pushing above 52. It would show a battle here won be bulls. If there is not battle here, we might have a battle around 53. But if bulls won the battle at 52, the 53 resistance might be more vulnerable.This is all intra-day noise though. The news front is relatively quiet at the moment so we can rely on some of these short-term support/resistance levels. But market moving news can shake LTCUSD out of these levels at which point we would have to re-examine from a larger time-frame.