Litecoin technical analysis: LTC/USD strong ascending trend line is maintaining upside pressure

• Litecoin price on Thursday in the second half is trading ever so marginally in negative territory down some 0.30%.
• LTC/USD is being supported to the upside by a long-running ascending trend line.  
• Next major barrier for bulls to tackle is seen at the range of $140-145.

Spot rate:                   118.44

Relative change:       -0.30%

High:                          123.13

Low:                           117.13

LTC/USD 60-minute chart

• Upside is limited at $121-123, support can be seen just below a near-term trend line tracking at $115.  

LTC/USD daily chart

• Price action is being supported to the upside by an ascending trend line, which has been running since late April.