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  • 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.