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Litecoin Technical Analysis: LTC/USD bulls remain in full control running at six sessions in the green

  • Litecoin price is trading in positive territory by some 0.55% in the session on Wednesday. 
  • LTC/USD is running towards the sixth consecutive day in the green. 
  • Next major area of interest is likely to be the psychological $50 price mark for the bulls. 

 

LTC/USD daily chart

Price action trying to breakdown resistance ahead of $50, seen at $48, high area back end of November – early December 2019. 

LTC/USD 60-minute chart

The price is heading back towards a retest of a critical ascending trend line via the 60-minute chart view. 

 

Spot rate:                 46.62

Relative change:      +0.55%

High:                          48.57

Low:                           46.33

 

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