Litecoin Price Analysis: LTC/USD big risk of a double top

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  • Litecoin price is trading in negative territory by 1.50% in the session on Wednesday. 
  • LTC/USD was extending north and may now give up our straight days in the green.
  • The bulls are failed to break the high area of last week, a break above is critical. 

LTC/USD daily chart

Risk of double top formation via the daily view, priced action rejected at last week’s high area. 

LTC/USD 60-minute chart

A possible top area around the $62 region, with price cooling, eyes on support at $57.

Spot rate:                 59.73

Relative change:    -1.50%

High:                        62.37

Low:                         60.32

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