- Litecoin price was trading down some 2% towards the latter stages of Thursday.
- A cooling is observed across the crypto market, touted profit taking after the recent price rallies.
- LTC/USD moving towards a daily close below key supporting ascending trend line.
LTC/USD daily chart
Spot rate: 52.90
Relative change: -1.80%
High: 54.66
Low: 52.75
Trend: Bearish
Support 1: 52.78, daily pivot point support.
Support 2: 51.49, daily pivot point support.
Support 3: 49.61, daily pivot point support.
Resistance 1: 54.36, below breached ascending trend line.
Resistance 2: 55.91, daily pivot point resistance.
Resistance 3: 57.83, daily pivot point resistance.
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