Litecoin price down a big 6%, inline with the heavy selling pressure seen across the market. LTC/USD breaks out from a supporting ascending trend line, that has been in play since the start of the week. Litecoin price is seen down a chunky 6.6% into the session on Friday, moving inline with the general market pressure observed with cryptocurrencies. Sellers are looking to press for another week of losses, to continue to current downside run. LTC/USD was being supported to the upside by an ascending trend line, which has been in play since 25th November. The bears managed to pierce a hole in this support, opening the gate to another way of sellers. Given the above-mentioned breach, next support will be eyed at the $31.00 figure. Further south, a drop below $30 would likely come into play if the previous area does not hold, some demand is seen between $29-28. Lastly, the start of the week’s upside trend levels, seen mid $26 region, could then come under threat. LTC/USD 60-minute chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next WTI sidelined above $50.00 ahead of rig count FX Street 4 years Litecoin price down a big 6%, inline with the heavy selling pressure seen across the market. LTC/USD breaks out from a supporting ascending trend line, that has been in play since the start of the week. Litecoin price is seen down a chunky 6.6% into the session on Friday, moving inline with the general market pressure observed with cryptocurrencies. Sellers are looking to press for another week of losses, to continue to current downside run. LTC/USD was being supported to the upside by an ascending trend line, which has been in play since 25th November. The bears managed to pierce… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
